A quick question. I have tried to re-finance with Bank of America for a 3 unit but have been told that BAC was told by the Gov. to suspend use of HARP 2 for investment properties for 60 days, and possibly 60 more. I ...
Hi all,I am about to move and use my current house as my first rental property. I currently have a Ginnie Mae loan and I would like to transfer title of the house to an LLC. I reached out to my loan servicer to inquir...
Hi, I'm looking to buy and rehab a 2-4 unit multifamily in San Francisco where I'll be occupying a unit while renting out the rest. I'm currently exploring loan options that would fund both the purchase and rehab cost...
Hey guys. I'm looking at 2 or 3 multi family properties for my first real estate investment. I have spoken with a couple banks who send me to their commercial loan department after I explain what I am trying to do. ...
Good Evening BP members, I am looking to take equity out of a very strong performing long term rental. I want to use a DSCR loan, but I see many DSCR lenders are not willing to take a second position when underwriting...
Hi, BPersI am a part-time investor who has been investing in SFHs for the past two years. So far, I have five SFH properties with about $400K equity. As I listen to BP podcasts and read a few books on multifamily, I g...
Hey Everyone! I am finishing up my first BRRRR project right now and wanted to share some of my project with everyone. I purchased my first property in January of this year from a wholesaler for 72,000 (private loan f...
ABOUT ME: In an effort to not get tooo deep, I have been a stay-at-home mom for 18 years and trying to leave my abusive marriage. While my husband has a great salary and has provided a very outwardly comfortable looki...
I am trying to purchase a property but do not have enough for the down payment yet as I just purchased another property recently. It is a smoking deal with tons of cash flow potential so I am about to lock it up in a ...
Realistically, how fast can a closing be? I know it usually needs to go through inspection, appraisal, and loan approval.What are the realistically fastest time frames for getting this done as fast as possible?