Samson Kay
My Agent just told me a 4 family owner occupied in Chicago is impossible to cash flow (if you don't own a flak jacket.)
Two trips to chicago, and 14 showings later, my agent dropped this little bomb on me.
"Given your commute and this market, a 3-4 unit building isn't going to cashflow enough to cover your whole "nut", you're ...
Patrick Young
Refinance or Am I Pre-Paying Cashflow?
I am debating whether to refinance a rental property. The numbers might be obvious to others or it may be a matter of investing philosophy. I generally would not want to have to add equity to a property just to refina...
Nick B.
Questions about apartment investing
Hello all!I am looking for information related to several aspects of multifamily investing and I'd like someone with actual experience to answer these questions:What are the typical closing and other transaction cost...
Geoffrey Murphy
What was your best deal out of your RE career? & why?
To all BP members,
I been reading LOTS, LOTS of info on this website, it's been a HUGE help. Especially when you guys post all of you "personal" experiences with RE. One word to describe "priceless"
ok, here goes. ...
Matthew John
Huntington Bank Bait & Switch on Loan
I am in the process of closing on an owner occupied Duplex.
I shopped around 3 different lenders and here were their offers...(ALL CONVENTIONAL LOANS)
Summit Funding - 5% down, 5.75% interest rate, I pay closing c...
Mark Kelley
Managing Rental Property While Traveling
I have several SFH rentals that I own and part-time manage. My wife and I took sabbatical this year to embark on an adventure with our two kids. Without a property management company and without the interest to find o...
Joshua Maffuccio
Questions about DSCR Loans
Hello, first poster here!I currently live in Southern California but am looking to dip my toes into real estate investing via purchasing a rental investment property in Kansas City (I have roots there, visit fairly of...
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Buy REO's before it is assigned to a Realtor
I am currently looking for REO Managers or people who know them in the Southern California area, to introduce me. I am looking to view these REO packages before they are assigned to a realtor so that I may get an op...
Tanya R.
Older multifamily no wall insulation New England
I have a home inspection coming up Monday for a 3 unit triple decker style home that was built in early 1900's. It's been mentioned that it may lack wall insulation based on age and listing price. While that sounds ...
Colleen A Levitt
DSCR out of a DSCR?
About 6 months ago we purchased a duplex using a DSCR loan. The original intention was to do a light cosmetic rehab and rent it out. We put 20% down at 8.25% on a property with a $136k purchase price. Loan is just ove...