Hi Everyone, hope everyone is staying safe and staying warm! I am holding my counter offer for the property as follow.
Location: IL Northwest Suburb (Barrington High 220 district)
Type: Single Family House (2car g...
The typical cash out financing is done after 6 months of owning the property, based on ARV and available for mortgaged properties #1-10.On a primary residence you can pull out up to 80% LTV on a SFR and up to 75% LTV...
I have been working with a lender who has been giving me 0.625% above conventional 30yr mortgage. (ex. if the rate is at 4.5%, he will give me 5.125%) He says that is the adjustment because it is riskier to lend on mu...
I think the BRRR strategy is great but my biggest concern is being able to refinance quickly (1-3 months). I've heard some people say on conventional loans it's no problem and you can refi very quickly. Some say lende...
Hi. I've been trying to run the strategy for investing without theoportunity of a conventional loan.I've been trying to run the numbers, because it didnt seem to work outfor me because of the higher interest rate of a...
Hi newbie here. I’m wanting to buy a 6 plex but banks are not willing to finance the deal. I was offered money from a private money lender who wanted 40% down, interest only at 9% and $9000 fee. I’ve often heard the t...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lansing.
Purchase price: $86,000
Cash invested: $6,000
Up and down duplex - 2/1 & 2/1 - 1800 sq ft.
$700 Top $800 Bot...
Hi All,Quick question. We have some funding options available for a project we are looking into right now but wanted to go through a portfolio lender instead of convetional type lender to speed up the process. Lots ...
Hi there, I’m fairly new to BP and am a fledgling investor. I’m currently in school to get my real estate license and the instructor mentioned that he has a twelve unit complex he is looking to sell in the near future...
Would you do this deal???Purchase $200.000Down money $50,000Loan $150,000 conventional @3.8%(30yr)Closing costs $14000Rehab $60,000All in 274,000ARV 280-300Rents 3000-3400/monthPITI- 1360Repairs - 150Capex 150Vacancy ...