Fisayo Ijamakinwa
Favorable interest rate
I have a 730 or greater credit score. Lenders in Columbia , SC are giving me a minimum rate f 5% interest rate and requiring 25% down payment. To the experienced investor, is there anything I can do to get my rates lo...
Steve Cody
LLC/SCORP/CCORP or what?
Hi Folks, I really need some advice.I have three SFH rental properties now. They generate about 1200 bucks in Cashflow (after mortgages, fallow, etc) total. I am ready to pick up a few more, and really want to start l...
Tricia O'Brien
Large PM companies don't give landlord references?
My tenant applicant gave me a landlord reference for a place she lived from from 2016 to 2020 , but the property management company (Alpine Property Management in Indianapolis) is impossible to reach for a reference....
Lakshay G.
Getting a loan -Local Bank/Out of state Lender
In order to get a loan, should I go with a local bank or a major chain bank (PNC or Suntrust that I currently bank with) or should I go to an out of state lender that has excellent reviews on Zillow. The loan is not f...
Account Closed
Quick Advice for Financing Strategy- HELOC and mortgages
Hi everyone!Just looking for some advice: My personal residence is paid off and worth the equivalent of 4-5 prospective rental properties. I do not have any investment property mortgages (buy and hold rentals) yet and...
Eric Mcginn
How to use equity to fund new development.
I have a duplex in Maine that I have a ton of equity in. It also has a mobile on the property, all three units are long term rentals. I want to use that equity to get a loan to pay for a well, septic, and mobile home ...
Wendy Y.
refinace the rental with cash out, paying off primary residence
Hello,Would you cash out by refi the rental, paying off your primary residence? Is this a double whammy proposition?The rental is a 4 units building located in San Francisco Bay Area.Property Value Money Owed ...
Daren H.
When Is A Good Time To Refi?
In reality I know the right time to refinance is dependent on the person and situation. So I hear a lot about “refi till you die”, “equity is only good if you use it”, etc. Several of my rental properties are at ~50% ...
Bernie Huckestein
Income for renter(s)
Looking to fill my first rental property and looking to confirm the minimum income.I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not ma...
Nye Eddings
Finding Funds Frenzy-Mortgage Broker, Mortgage Banker, Credit Union, Small bank or Portfolio Lender
Morning BP!Every first time investor reads up on the best entity to approach when trying to find financing. Should one approach their big commercial bank that they've been banking with for years? Or that local small...