As this specifically relates to my job I have some questions and hoping for any insight from those who have gotten or applied for commercial financing with a bank for an apartment building with 5 units and above:What ...
Do you think there will be a shift in hard money and other investment loan interest rates on average as conventional mortgage rates continue to rise? Im in the Atlanta market and from what I see hard money interest ra...
BP Fam,I have a 4 unit under contract and I'm looking for a bit of advice on the best way to purchase this property. The property is under contract for $318 and needs $55k in rehab. The ARV is $485k. I will be BRRR...
Hi! I am trying to be a real estate investor and I am in my research and learning phase. I am having a difficult time determining the purchase price of a home for buy and hold investing. How do I determine my limit? I...
I'm looking for some direction in determining loan type.
I've only used local banks for my smaller multis. This year I plan to purchase a multi for $1 million or more (which i believe is the minimum for fannie mae/f...
Hi BP,Happy new year everyone!I used to use Royal Savings bank in Chicago as they were great to work with and did 80% LTV on 5+ unit apartment deals. I did several deals with them near the UIC/Pilsen area. However the...
I am holding my properties in my own name, no LLC etc. For protection, I have a massive landlord and umbrella insurance (1m, 2m respectively). For simplicity, I have a website with "business name" which lists all the ...
As we all know, in the recent weeks Fannie Mae changed their seasoning period requirement for conventional cash-out refinances. It changed from 6 months to 12 months. I'm wondering, what is your take on how these chan...
I'm writing to provide an up to date review of Angel Oak prime bridge lending (the hard money lender part of the company) as of 2017. Our company switched from another hard money provider after several issues with th...
So I have a 4 unit that is under agreement to sell and the inspection report came back with some electrical issues that needed to be addressed. Electrical contractor quotes me $5k but noted he could do it on T&M a...