Hello BP community, needing some advice. Looking to purchase my first rental property. I am wondering what types of conventional loans you have used. The bank I talked to would only offer a 5-1 arm for 15 years at 5....
Hello! I am looking at purchasing my first rental property in Duluth Minnesota (multi-family preferably) and I am looking for resources related to duplex/triplex landlord ordinances, rental property licenses, and othe...
Is there a maximum amount a seller can assist towards closing costs on an investment cash purchase? I understand the percentages when using a mortgage.
Investment Info:
Single-family residence buy & hold investment in Brunson.
Purchase price: $190,000
Cash invested: $500
I bought this house with 500$. After a year and a half I moved out and co...
I am selling my home and plan to do a 1031 exchange toward a foreclosed home. Is this transaction too difficult (time to get offer accepted in 45 days too challenging vs. a non-foreclosed home)?
Sometimes when a deal is structured, both Hard Money Lenders(HMLs) and Private Money Lenders(PMLs) are involved. Let's say, for example, you find a property for a $125K purchase price, and it needs $50k in rehab but w...
"X" LLC will hold title to the property for which the loan is made."Y" LLC is the managing/holding LLC of "X"To which LLC should the loan be made?
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $410,000
Cash invested: $15,000
Partnered with my brother on this house while I was still living in Kentucky. This ...
I think I confused myself. Most hard money lenders will require you to close in an LLC. How are people refi'ing in a conventional loan after their rehab to get their cash back out? Don't think you can get a convention...
Investment Info:
Single-family residence buy & hold investment in Lake Arrowhead.
Purchase price: $553,000
Cash invested: $128,000
Short-term rental all done on Airbnb. I manage and host.
...