Thomas Handy
financing after the bank maximum
I was wondering how investors move to the next level with recent bank changes which limits the number of bank financed homes to four. I know there's seller financing, hard money loans, etc. But is this the transitio...
Prasad J.
Loans for commercial triplex
Hello all,
Do residential mortgage lenders also do triplexes with 1-2 commercial units like offices etc. How is the lending process different? What is the normal closing time for conventional financing , I know it's ...
Billy Hills
50.00
Some one told me, if I was going to be a buy and hold person. like the triplexs I have been looking at. If I paid a extra 50.00 a month it would nock years off my loan. I tried several times to figure out the math...
Laura Levine
Need advice for refinancing out of a 5/1 ARM in NJ
Good morning! My husband and I bought a fixer upper duplex in 8/14 with a 5% down FHA 5/1ARM at 3.75% (we are living in one unit). We did a massive reno on it and should now have the 20% equity needed to refinance a...
Leo Kotschenreuther
BRRRR with All Cash or Financing?
Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...
Stuart Nebeker
Lease option vs assuming a loan w/ adding some seller financing
Hello, I’ve been asking everyone what best for moving forward on this deal. Here’s the numbers and plan
3/2
1800 sqft with unfinished basement
Built 1980
Very desirable area in Vermont
15 acres (subdividable)
Co...
Gregory J.
Assuming FHA Mortgage?
I have a rental property (located in southern Illinois, St. Louis Metro East) which was originally my primary residence with an FHA mortgage at 3.25% fixed 30 year. I'm planning on selling it in two years and if mortg...
Cliff T.
What's the Mortgage Paydown Sweet-Spot?
Purchase Price: $30kDown Payment: 20% or $6kMortgage Amount: $24kAPR: 5.5%Term: 15 yearsRepairs: $8kARV: $40k-ishRent: $700QUESTION: How much should I pay down this loan right off the bat with a 1.99% HELOC of $30k?I ...
Nicholas R Foster
THE NACA PROGRAM
Hello Bigger Pockets family, hope as is well!
Today I listened to a podcast where the guest speaker spoke upon his real estate journey and how he acquired a multi family unit property with little to 0% down in the C...
Haritha N.
Newbie questions on buying mortgage notes
I am fairly new to the concept of buying/selling mortgage notes and I have been reading about it. From what I understand (to put in simplistic terms):
Lenders (could be banks, financial institutions, private people) ...