I came across this loan product and was wondering if anyone has or is currently using it. It is basically taking your mortgage loan and having a 1st lien on it and it’s essentially a line of credit on your mortgage bu...
BPReceived an email from the lender that gave me a conventional loan (4.5% rate) on a two family. Basically said "rates have dropped, and we should talk"- I have a call with them tomorrow. What is the advantage for ...
Hello everyone!I currently have 8 homes and looking to grow my portfolio in the new year as things settle down. I am nervous about taking the next step and wrapping some homes in a commercial loan as I’m betting on in...
Lending For A Non FHA Quadplex Owner Occupied At 15% Down
Hi everyone, currently looking to get qualified for a loan on an owner occupied quadplex for only 15% down. This property exceeds the FHA loan limits for my a...
We have two different deals going. The first, is a commercial mortgage where we will owner occupy. The options for terms the bank has offered are:
7-year with a 25-year amortization
10-year with a 25-year amortiz...
I am a 24 year old Marine Veteran that separated active duty service in July 2021. I bought my first house in September 2021, a 3 bed 1.5 bath 1200 sq ft with a detached garage. Purchase price 355k on a 5% fha loan. I...
Hello all!Im an investor in Detroit and currently looking to purchase a portfolio of 5-10 SFR. In terms of lending options, what have you found to be the most effective option? I’ve read briefly about loans targeted t...
I have non warrantable condo (paid full cash to acquire) . having long-term tenant since last 3 yearsNow I am thinking of refinancing for other potential investment opportunities. what are my options? any lenders wh...
Hello BP family,So I was on here a couple weeks ago describing my current situation with trying to build my current portfolio. Shorter story short: -own property (used FHA loan, purchased 7 years ago, still not at % t...
For those passive investors out there, which matters more to you - That your sponsor has money in the deal or that he/she has a successful track record?