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I've worked with a couple different lenders in the past and found that combination of multi-family and cash-out tends to be tricky. Some lenders don't do it at all, others require lower LTV for multi-family (even as p...
Hi, I am a newbie. Recently, I and my partners were able to get an investor who is willing to invest up to 0.6 million dollars. The investor is interested in buying land in NJ then build a residential one or two-famil...
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This will be my second post on bp. I may have posted in the wrong section first time. I’m looking to get pre approved for a loan for my first home purchase. I’m at the very early stages of investment. But I’m looking ...
So we have a duplex me and my partner are submitting an offer on. We both have good credit, but are both newly pursuing invest without W2 jobs (making it tough to get a congenital mortgage). Any recommendations for pr...
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Hi All, I am under contract to purchase a single family home in Rhode Island that was supposed to serve as my residence. The P&S states that the seller will deliver the property to me free and clear of tenants. I’...
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Purchased condo, re-habbed, now ready to sell - Previous owners (two different owners ago, about 15 years back) put in new windows and caused some siding damage on the back of the building (missing flashings). I, as t...
I am under contract for a piece of beach area property along the 30A highway in Florida that is approved by the County for building four villas on. Despite being a high income earning physician, the bank is requiring ...
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Have anyone used HML Vs construction loan when doing new construction on duplexes? If so how was the process?
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Hello BPI and my Brother are from Texas but now live in Atlanta. We are in Pharma and Food sales. Very successful salesman.We want to use our Sales experience and recenty new knowledge on real estate investing. We hav...
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I know that you can do subject to deals with residential homes and conventional financing, but is it possible to purchase a large apartment building subject to the existing commercial loan or do the lenders typically ...