Chris Turek
What are my options for getting equity out of a rental property
Hi, I’m a new member and this is my first post so thanks in advance for your help. I have rental property in NJ that I owe about $750,000 on and its current value is about $1,300,000. It’s 2 unit and I was living in...
Alberto Furet
Pay down mortgage or create an emergency cushion?
I have two rental condos, one here in San Diego and the other in Chandler,Az, and I was wondering how to best use the cash flow. Should I use the cash flow to help pay down the mortgages or should I use it to build...
Greggory Kowalkowski
Closing above the purchase price?
We have an opportunity to buy a good deal and a seller who's willing to work with us on a complex closing. The summary is we can purchase it for 85k but tell the bank we close at 110k so the seller who's a friend can...
Aerry Parker
Financing Multifamily (1-4 units) w/o Having Money Saved & No Job
Hello, my dream is to get into investing in short term rentals and I would love to start in Nashville, TN. I am wondering if anyone knows the likelihood of obtaining a mortgage for a multifamily property without curre...
Mike Fontaine
First Multi Family Purchase
Hello Everyone! I'm currently looking at purchasing my first property in the Leominster MA area.
I'm focused currently on an FHA 203k loan where I will live in the property and repair/upgrade it. I have a GC lined u...
Richard Charity
How did you start in Owner Occupied Multi-Families?
Hey everyone,I have been a lurker on here for a few months and it's time I start asking the right questions. I'm 21 and in the middle of PA (physician assistant) school in MA. My dad wants to buy a multi-family proper...
Jamie Cianfarani
Mortgage broker situation advice
Good morning, looking for advice on how to hand the following situation:We're currently residing in a single family house that we'd like to rent. I was pre-approved for a conventional mortgage and found a 2-unit hous...
Chase Caudill
Seller Financing Question
Hello everyone!I have a seller financing question for everyone. I'm excited to get my first seller financing deal on the table, but it has some contingencies I'm just ignorant on. The break down they are offering is a...
Michael Landrum
Help Me Structure This Deal
Hi, I am in the middle of negotiations with a pretty motivated seller who is looking to sell me her duplex, but can’t seem to figure out the best win-win scenario for this one. The situation: The seller is pretty moti...
Jason Rego
mortgage when you already have few rental but no personal income
I am in Southern Ontario, have few rental properties already and want to buy few more; my mortgage advisor said they are not able to finance any more; because my income does not support buying rental properties. No lo...