Scott Tucker
C-Corp lending options for STR properties
My wife and I created a C-corp using a ROBS 401(k) to start a vacation rental business. As part of our initial due diligence we took a deep dive into Lahaina, HI. After running the numbers, we decided to start out b...
Kyle N.
FHA to LLC with a partner??
I've come across a pretty amazing deal, and to make it better, I would obviously like to get 30yr Fixed terms. I already have my four, but my soon to be business partner only has one. Is there a way to have him buy ...
Oscar Juarez
Refinancing from residential loan to commercial loan
I have a residential loan on a 4 plex , I just built an additional 4 plex on the same lot that was zoned commercial. I need to refinance to pull cash out to pay for a construction loan and potentially some extra to c...
Max Filbeck
Multifamily Financing other than FHA, Hard Money, and Cash
Hi all BP members,
I have recently been looking to purchase a multifamily property, approximately 3-4 units, and have encountered issues with sellers not wanting to deal with FHA loans. My lender notified me that I c...
Shane Brandt
Construction loan for primary and investment property
Hello BP,I purchased my first investment property a month ago by using a construction loan and will be using it for the rehab as well. 3B/2BA 1,600 sq ftPurchase price was $20,000rehab $15,000ARV $76,000I also just go...
Joseph Kostigen
Loan proposal and what they look like
Hello everyone! I am taking a real estate class and I have questions about how to approach a bank for a loan when trying to buy a house that you will rent out. does anyone have an example of a loan proposal or what s...
Nathan Salgado
private money personal loan vs bank secured personal loan
Hey Bigger Pockets! So heres my situation. Closing on a house may 21 but I want to back up my savings with a personal loan. Giving the current covid crisis was thinking maybe someone would want to earn some interest o...
N/A N/A
Bad Credit Home Equity Loans
:violin: You may be thinking of improving your existing home or buying a car or planning a dream vacation even though you may not have the necessary credit. A bad credit home equity loan will be a good solution for ...
Tyler Turpin
FHA Eligibility Question (just brainstorming)
I have an FHA loan on one property. I have lived in it for more than one year so I can move legally.
Would it possible for my wife to take out another FHA loan to purchase another multifamily? Is it more like 1 loan...
James W.
Second Place Foreclosure Question.
HiIf I buy a foreclosure from the second position for say $200,000, subject to first mortgage of lets say $300,000, and then the first position forecloses - my understanding is it forecloses the original owner, and no...