Nick Tzenevrakis
Do I have to get a Commercial Loan?
Hey BP, I have a question. I am trying to find my first deal here in Quincy IL, and am currently renting myself. One bank has told me that to purchase a property as a rental, it has to be a commercial loan. The variab...
Caleb Smith
Proof of moving into FHA, for loan approval
Scenario: I’m trying to use the FHA loan strategy to acquire a home each year. Personal credit is great, and my primary residence has plenty of equity, and income is sufficient for purchase of additional home.Problem:...
Stephen N.
Question about what to do with sub2 loan
If i take over a loan sub2 that has an interest rate of 7.5%, is there a way for me to negotiate with the bank to reduce the rate?
Tasia Larri
First post and I would love your perspective
Good morning everyone, So lucky to have found this website and i look forward to learning much and sharing even more with you all. I want to give a quick introduction and also present with a situation to analyze. I am...
Cole U.
Finance Advice
Hello BP,I'm hoping for some friendly advice. I'm looking at a foreclosed SFR in a B to B- area that I am thinking about buying as a rental. The challenge is that it doesn't need any work (seriously, it's spotless),...
Justin Pumpr
Commercial, Portfolio, DSCR, or Private Lender
Hey all,I'm looking for some advice on which type of lender to use and then looking for referrals for that type of lender in the Columbus area. Some background:I own a few properties in Columbus and Dayton, OH (a mix ...
Zachery Hitchcox
When to put a loan application in
Hello everyone!I currently have 2 properties, but those were financed as a primary home many years ago. I'm beginning my investment property journey and I had a possibly simple question regarding "order of events". Wh...
Mary Jay
Does a business bancruptcy affect personal buying?
Hi guys,I have a good credit and have few properties (couple are in my name and few are in LLC's names)I have always wanted to open my own business but scared that if my business goes south it will prevent my ability ...
Allie Pfannenstiel
Is selling my home or lease option a better idea?
Hi everyone,First of all, thanks for anyone who shares their advice.My current situation is this, I own a home in Portland, Oregon for the past 4 years. I bought the house at 191,000 and it has appreciated about 10% p...
Synthia LaFontaine
Wisdom sought: really, what would be the best thing to do?
I live in SW Florida where I owe $335,000 for a house surrounded by homes forecloure specialists are enjoying profits from selling at $125,000 (in much better condition than mine), and at least another thousand brand ...