So I have listened to several podcasts and read about the BRRRR strategy and it is something I would like to pursue.I am a traditional financing expert and have been originating mortgage loans for over 30 years and I ...
Hi BP- buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...
Hi All, I have a hard money loan and I need to refinance it into a 30 year loan. I was told that I can do this into an LLC. I do not know of any lenders that do this. Is there such a thing. I would prefer to refinance...
Hey BP,
I'm running into some DTI Road blocks and am looking for some help. I was under the impression that if you buy a new rental and the debt service coverage is substantial enough, then the DTI is essentially a n...
Just starting the process of planning my 1st investment property purchase and I'm not sure how I should handle financing. I have about $75,000 in equity and I'm interested in using a HELOC or Equity loan for my down p...
All,I'm a new investor who has decided on an area and has a good team in place. My initial investment will be a buy-and-hold SFH for long-term rental. I wish to be legally shielded from day of purchase, but in order ...
Went to a mixer last night with a Lender I work with from Park National that I've closed a few "grant loans" with. I found out (which I did not realize before) that Park National has a grant loan product that has no ...
My husband and I bought our home one year ago using a FHA loan here in Los Angeles. Our home only cost 2/3 of the amount we were approved for. We are now looking to buy a rental property in Grand Junction, CO. I...
Purchased a primary residence home in August 2022. We are eager to begin using this property as a long term (3 months at a time) or a short term rental. What are my options for when I could begin renting out this prop...
Hi everyone!
I'm very new to real estate investing, I have two properties and just put in an offer on a 3rd. It's a 4 bedroom, 2 bathroom with updated kitchen with granite countertops and new appliances, new roof, n...