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Hello BP Community!I am 2 weeks from closing on our first property. We are purchasing it owner-occupied through conventional financing. As always, we believed we got a good deal. However, as we dug deeper, we are conc...
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Hi all,
I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows....
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I was trying to wrap my head around what my tax basis would be for a property. Because i refinanced it from my LLC (multimember to my name), and sold it in few months, what would be the property original cost basis? ...
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Thanks for reading my post. My wife and I are finally in a position to cash out on our equity and continue on to the next investment opportunity. We basically did a live in flip without knowing we we're doing it. We c...
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I've been running into a wall where the lenders I've contacted about getting an FHA loan for a multifamily will only work with duplexes maximum with a 3.5% down payment - for a 3/4-plex, they require 20-25% down. From...
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Hello! I am new to Bigger Pockets and just wanted to introduce myself. My name is Codie and I am in the Oklahoma City market. I am a commercial lender and a new investor. I am originally from Houston and have family t...
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Hi BP,
I'm looking to buy a deal and its a bit bigger than what I have in reserves to buy it cash and refi out later.
i have just recently bought my first deal cash and will BRRRR it. though its a light BRRRR becaus...
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Hi BP
So can you please help me understand private money for long term buy and hold rentals? I know this is pretty general question but are there a few traditional ways this commonly work? Does the lender usually l...
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Hello Everyone New here and been juggling the idea of doing some real estate investing. but not sure what directions to go. My wife has student loans and we are currently renting. We did start saving a few months ago...
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I am doing a refi on my house, and just recieved my paperwork from the new bank in the mail. I got a 4.75% 30 yr fixed on my house. I owe $352,000. I am going through the new GFE, and there are a few new fees that...