Kelly Skeval
New Construction Duplex with a Commercial Loan
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $235,000
Cash invested: $25,000
Built to owner occupy the upstairs
duplex
3bed/1 bath up and down
Cost to b...
Lucy Iburg
Building a carriage house as an investment in a prestigious avenu
Will purchase a Victorian house in a very prestigious avenue in Saint Paul, MN
The lot is 11000 square feet and I am allow to put a carriage house on top of garage to rent as airbnb.
It is worth it? Will be a great ...
Account Closed
Attempting to borrow money out of investment property
I am attempting to borrow money against my investment property that I’ve owned approximately 6 years. I plan to use the money for rehab on my next property purchase. I was recently told by the bank that holds the lo...
Kevin McFarland
Evanston, WY - Rental Market Over Saturation
Hi All,
I work for someone looking to convert a run-down motel in Evanston, WY into a 44-unit apartment complex. The town has a population of about 12,000 people. From what I could find the city has about 5,300 total...
Janell Rasper
How soon can I move into a rental after I buy to make it my home?
If I purchase a home as a rental property (just a standard purchase with my LLC, using proceeds/cash from another rental property sale, but not using an actual 1031 exchange), and almost immediately move into it and c...
Pedro Jean
Funding for a 2nd multi family
I am looking to buy a 2nd multi family home but lender wants 25% down payment. When I bought the first multi family home, I was able to put only 10% down (conventional 30 yr loan, owner occupied) and there was no prob...
Maurice Smith
whats your small mfh investment property rate?
I started with a 6.125% feb of 2019, refi to a 4.825% January of 2020. This week i took advantage of these low rates and secured a 3.625 % on a 4 plex non owner occupied investment property. just curious to see what y...
Drew Sylvia
My First Deal - Catching Up
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $285,000
Cash invested: $12,500
First real estate investment. Acquired with a friend as a partner (50/50 spl...
Catherine C.
New York COVID Buying a Property With Tenant
Hi New Yorkers. We are buying a property in upstate NY - within the Catskills. The property currently has a tenant, who is NOT on a lease. During this age of COVID, are we allowed to ask her to leave, if given 90 day ...
Jeff Dixon
3% Down Conventional Loan
My wife and I are considering taking advantage of a 3% down conventional loan to buy a multi family. However, it’s my understanding that you need to move in with so many days after taking possession of the property.Do...