Alexander Lang
LTV not met, refi still an option?
Hey BP fam!So I currently have a property that I have rented for almost two years now. Long story short, the lenders I have been speaking to only offer 70-75% LTV as to which my rental is not currently at. The idea wa...
Jeff Witherite
Seeking lender for refi loan on multi-unit property
My company purchased an 11-unit multi in January. We were able to increase rents by 40%+ and have signed lease agreements in place with full occupancy. We would now like to refinance the unit based on Income valuati...
Jonathan H.
Setting Up Payment for Property Management
Hello, If I were to purchase a multi-family unit out-of-state (it's included in my LLC), I would want to have a Property manager for it. So, when it comes to bills like Property taxes, City fees, sewer, ect..how do I ...
Matt Ternullo
Next Level of Investing
I have had the power of investment momentum pushing me to quickly multiply my portfolio (quick for me, relatively normal acceleration), went from 1 STR 2 years ago, to 3 units last month now close to units 4-7 hopeful...
Ryan Arth
how often or soon after closing do you cash out refinance?
1.if you buy rentals at a bit of a discount, and there is equity in it when you get it, how long do you wait from purchase before you refi to take the money (to buy other properties)
2.rule of thumb how long in betwe...
Warren Currier
Higher interest rates tend to put pressure on house prices:
As most people borrow money to buy property higher rates mean buyers can’t pay as much, so real estate prices fall across the board.In very simple terms, if a rental property can support a mortgage payment of $3,000 p...
Account Closed
Section 8 Tenant has not paid tenant portion
Our section 8 tenant had a death in the family, and unable to pay this month's tenant portion. As a new investor, I wanted to begin prepping for what to expect going forward. We did issue a letter (reminder) of paymen...
James MacFarlane
Payments included in DTI for mortgage loan
Hi! I'm wondering if credit card payments I make monthly to credit cards in my parents name (read I am not an authorized user, so these don't show up on my credit reports) would count towards my DTI formula when I ap...
Jay Jonez
Any way to to this deal with Creative Financing?
I have a home owner who contacted me today in a nice area of my market that has an average of $1141 in Rent and ARV of $140K. Here are the details:His spouse past unexecptly and now is wanted to sell and open to heari...
Marc Winter
Eviction moratorium? How about mortgage moratorium?
We are hearing about some municipalities and counties across the country halting evictions because of the Pandemic. OK, I get that. Don't like it, but I understand. So the next question is: will mortgage lenders al...