Scott Ellis
How to split loans on 2-property deal, one FHA one Conventional
I'm looking at a deal that is two duplexes on adjoining lots. Asking price is $315K for both.My lender says this would need to be two separate loans as they're separate parcels.I'm looking at doing one FHA and one co...
Mike Griffin
Lender Fee - How Much?
What are you seeing for Lender Fees now? I’m borrowing on a 2 family for a New Hampshire investment property. Being quoted $1500 which seems high. 7.45% rate with 1 point charged.
John Cook
Estimating Water Sewer Garbage
Happy holidays everyone! I'm curious to know if anyone has a method of estimating water/sewer/garbage for 2 bed/1 bath apartments. It appears that Sacramento is a "landlord pays water/sewer/garbage" city so if any lan...
Bryan Igboke
Propstream: Avoiding Duplicates
I know propstream will not allow you to pull a property twice within the same list, which is great. Though, when I pull 2 separate lists in a similar area there is a chance that the property shows up on both lists. I ...
Moises Rodriguez
Househacking a Triplex but paying too much in utility bills
Hello, I am currently house hacking a triplex. The tenants were already moved in before I bought the home. The electric is all separate but I am having to pay for the gas, water, sewer, and trash bill. I can manage to...
Page Huyette
This REO Triplex doesn't meet 50% rule--but does it still cash flow enough to purchase?
Running the 50% rule shows this vacant REO triplex at a negative cash flow, but when I run a more detailed analysis, it seems fine. I'd appreciate insight on this deal:
Purchase price: 209k max with 25% down
Gross ...
Justin Bell
Purchase a rental using an LLC
Hello,I've found a good deal on a potential rental property but wish to purchase it using my LLC. This feels like a basic question, but how do I obtain a loan using only my LLC and keep my personal assets separate in...
Alyssa Shaeffer
Creative ways to finance a minor land subdivision in CA.
My husband and I have been researching and learning so much about a particular lot in Newcastle, CA where we are from. This project is intended to be a short-term (12-18 month) financial investment, of buying a large...
Brittany Wilkerson
Should I build duplex or 2 single units?
Would it be better for tax and insurance purposes to build a duplex or 2 separate units for rental income? Thanks for your input.
Ryan Horan
20% versus 25% down payment
Our first property is under contract and i assumed i would put down 20%, but I was offered another option, the numbers break down as such:
20% down apr 4.875%, pay $370 in points, p+i $312
25% down apr 4.375% no poi...