Stipe Ba
5 unit financing in cleveland area ?
Found a small apartment 5 unit building around 350k. I know fha does not offer anything more than 4 units. Does anybody know any lenders that would do a 5 unit property?
Mike Brown
Best way to Finance this deal...
I recently found a deal that I need help structuring from a financing standpoint:
Here is the deal:
52 unit, 25% occupied, Asking 700k
Repairs needed: 7 - 10k per door
Average rents: $500 - ...
Nick Walters
Conventional financing and the DTI ratio
My wife and I are having a discussion about the ability/inability to acquire 10-12 single family properties in 5 years. Her strategy is to pay down our first property considerably before buying another one, and my ...
Rich Riesmeyer
Seller financing and social security benifits...
As I understand it, if you have not reached full retirement age, 66, your social security benefit will be reduced if you exceed a certain earned income. Rental income is considered passive, so that does not redu...
Josh Norris
Who's still selling via seller finance?
The Safe Act posts are rampant on BP right now. What I want to know is:
Who is still selling with owner financing? I am curious on how this has affected everyones business.
Are you using an attorney t...
Chanel Oldham
Lease Purchase, Subject to, Owner financing
Hello,
I am looking to get involved with real estate investing in the Metro Detroit Area. I dont have the best credit nor do I have that much of a down payment to get started. I'm looking for ways to get in...
Marlon Wilson
How to set up owner financing
I have a client that is willing to allow me to owner finance his property. What I would like to know is can I then owner finance it out to someone else and collect the difference on my terms? I want to know how to ...
JD Monroe
Finance snag on my first deal
Background-Single Family HUD Home listed at $70,0001457sqftARV $104,000Repairs: 15k-20kMy bid was accepted for $62,000ARV $104,000(Low)My intent is to make the repairs out of pocket. This will be primary residences un...
Account Closed
Seller finance with underlying land contract.
Hi, everybody, new to BP. I came across a questionable deal recently, an investor provides a low percent down payment for his portfolio. and these properties already under land contracts between him and the lender. So...
Tony Ortiz
Financing next property, Need some advice
Hi I have a rental property in Nor Cal that I purchased in 2009, since then it has been accumulating equity. I would like to strip out some equity either by refi and cash out or HELOC. Th problem is it's in my mother-...