Hello All,I am interested in purchasing a duplex in Tampa, Fl to use as a rental property. I'm looking to stay around $60k for a loan with 20% down. I know at that price I will have to put in some sweat equity.I just ...

Hi,Would someone plz confirm if the current unpaid principal balance is calculated as follows or otherwise?Note is $30,000 - $1,158.04 (which is payments of $289.51 per month x 4 payments made) = an UBP of $28,841.96 ...

I am working with a private investor to fund a cash offer on a property. I am going to sign a promissory note with the investor and secure it by the property. Do I also need to file a deed to secure debt on the real e...

So I recently had to leave my job in New Jersey and move out to Virginia due to the current pandemic, and to be here to welcome my first child into the world (which he is due soon). Since I am not currently employed, ...

Here are a couple basic questions to finance an owner-occupied 14-unit apartment complex priced at $3m...
What is the min. down payment required?
Is there such a thing as "stated-income" for a commercial loan?
(Selle...

Hey BP family,

Ive got another property into hard money, started the conversation early with the lender to refi out of hard money,and they sent me packing. something changed monday, and they said for the next month...

Hello BP! I went to my local credit union today (Gulf Winds Federal Credit Union) and asked many questions about loans and credit. I found they have a new, and most likely permanent, 100%, no money down, mortgage fina...

Hello,
I will be moving to Nashville area in January 2020 and I will be looking to purchase my first home. However, I have some concerns about applying for a loan.

I have worked over 7 years with one employer as a...

I am looking to start syndicating deals to my personal network of friends as LPs and have myself as the GP. I'll be sourcing, vetting, compiling all market research/comps and providing financial projections. 

My qu...

Hello!I am hoping to use a 203k loan product, preferably in Tuscon AZ, and I'm trying to think of ways to make my offer more competitive so that seller's agents might consider it. Do you have any recommendations when ...