William Yeh
Bay Area Portfolio Lenders
Hey BP. My group is engaged in residential rentals under an LLC and we've been struggling to find portfolio lenders in the Bay Area California with reasonable terms. We've come across a few lenders that have quoted in...
Rich C.
Making offer on unlisted property
I recently contacted the owner of a quadruplex that I am interested in. The owner is a realtor and suggested to make an offer to see if we are in the right ballpark. They don't need to sell. This is located in a gr...
Account Closed
Sprout Financial Unsecured Line of Credit
Hey BP,I'm looking for funds to finish my rehab project and someone told me about Sprout Financial unsecured line credit? Are they legit? Has anyone used them? I'm skeptical because of there up front consulting fee of...
Isaac Galli
FHA & 203K vs conventional loan for multifamily house hack
Question: Is an FHA or 203K loan better than a conventional loan for purchasing your first multifamily property?Hello!I just got off the phone with a mortgage loan officer. Backstory: My plan is to obtain pre-approval...
Haley Powell
What to expect when talking to a lender or mortgage broker
I am one of the many who are looking to get a househack going in Dallas when I move there in May, and a natural part of that is lenders. An agent has (very helpfully) sent me a list of lenders/brokers (are those the s...
David Mussaw
A friend got a crappy loan in 2003. Help?!
A few of the facts. Any help or suggestions will be greatly appreciated. Thanks!Hi David, As promised, here are the specifics:We purchased our house in 2003 for $332,000 with $0 down, interest only, and at a variable...
Jacob Bopst
HELOC VS Conventional Refinance
Hi there!Can we go over some positive and negatives on using a HELOC(home equity line of credit) VS a conventional mortgage when doing a BRRR(Buy rehab rent repeat) strategy? I'm looking for what gives you the best re...
Kusum Chanrai
Need help winning a multi-family deal in Houston
Hello! I'm trying to buy a multi-family apartment building in Houston. I'm facing two challenges: 1) Incentives are not aligned in my favor. The deal is through Marcus and Milichap. I'm working with 1 broker from San ...
Lamont Marable
Multi-Family off Market Deal in Cleveland - How does this sound?
I have a deal in 44111 that's an 8 unit for $249,000 and I'm ready to submit an offer. How does this sound? Also, are 4 options too much?
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We analyzed the financials, applied the suggest (9.44) cap rate...
James Wilcox
How to Tell a Seller His Asking Price is 2 High!!!!
Ok here is the deal. I am working an off market "deal". There are two triplexes for sale that each bring in $19,800/year per building.$19,800 x 2 buildings = 39,600 Total Gross RentThe seller in coming up with their a...