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My duplexes cash flow like crazy and have a 75% LTV first on them. I have 3 so there is some equity there. How do I tap into this? Please give me name of lender that will fund based on cash flow, excellent credit.
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I just got a contract for nice duplex that rents for $600 each side and is only $34k. I have $10k which I was planning to use for a down payment but my bank who originally gave me a preapproval of $45k since that is t...
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Would it be possible to some how structure a 203k loan through an LLC on a quadplex, of which all 4 partners would occupy each unit as their primary unit? Rehab it, and sell after 2 years - pay zero cap gains collecti...
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I just purchased my first investment property 2 1/2 months ago in San Diego on a personal loan with the intention of living in it for 1-2 years, and then renting it out. Everything was going to plan until I received ...
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Hi,
I have always thought that the ideal "first rehab" would be one that I live in. I heard from several people that banks will not allow you to buy their REOs if you are using an FHA loan...especially if the proper...
I have 5 single-family homes that I paid cash for. I am getting ready to take out my first commercial mortgage on two of them to free up cash to buy more properties. My local bank agreed to 75% LTV, 10 year fixed ra...
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Is a 203 K loan restrictive as to choosing the contractor, etc ?My mortgage Loan officer tells me it is a tedious process. Is that true?
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I want to preface this by saying that I'm not looking into bidding on this particular property, but I have a question about this situation. I received a notification about a REO going up for auction on auction.com beg...
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Looking for small community banks around town that will loan on rental properties. My first three properties were through Everbank. It was hard getting the third loan, which seems to be the case with bigger banks. Any...
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Hello, BP! I currently live in CA. I'm having trouble finding commercial lenders for a multi-unit purchase in OH. The problems I'm running into are 1) Loan amount is too small (>300k). 2) I live out of state....