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...
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...
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...
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 ...
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...
I'm buying a duplex in Jacksonville Beach, FL that has been legally separated into two separately titled townhouses, which means I'm currently going through two simultaneous purchases with two separate sellers (ugh). ...
Hi everyone, here is a finance question I have. Hypothetically if I was interested in purchasing a commercial property for $300k and would be my first property, could I take out a home mortgage or would i be forced t...
Hello BP'ers. I have a wholesale deal in the works that I plan to assign. The property is a SFR 3-1 that's currently occupied by a renter. The renters current lease is up at the end of July, but I plan to close thi...
Alright, I am in a deal right now on a fourplex.I will owner occupy for the first year because I am going to use the VA loan. Details:Purchase price $8900004 plex has been fully rehabbed Closing costs are ~8kInterest ...
How would you go about investing in another state? I saw a property that I think would be a good investment it is a triplex. 3 (2/1) units. It is a bit old, and only 1 picture of the exterior. It is already occupi...