David Stone
Average rates for commercial loan for 12 unit complex
I am looking at purchasing a 12 unit apartment complex for about 250k. 10/12 units are occupied and the units rent for like $450/month. Was curious what the average interest rate would be for this sort of deal. And wh...
Fred Diederichs
International Student - Issues Financing 1st Property
Dear BP Community,
Originally from Belgium, I moved to sunny Miami some weeks ago to pursue my degree. I'm a 23 year old Real Estate grad student at FIU (Florida Int. University) looking to get into the real estat...
Christian Allen
Growing portfolio will I hit DTI and DSCR wall?
Recently been thinking about how the bank views rental income and your personal debt to income (DTI) ratio. From what I've read and experienced with my two properties, banks will typically take 75% of your rental inco...
Lance Muller
purchasing before Pre-Foreclosure from Executor
I am talking with an Executor of an estate about the house. The relative just passed last month, the Executor said she planned to have Lender take back the house. My questions:Do I call the Lender and ask if we can ...
Account Closed
Owner occupant lending?
Hello all, I purchased a duplex in October last year using an FHA loan. I want to move out but I understand FHA loans have a one year owner occupancy requirement. I was wondering if it would be possible to qualify for...
Arian Mustafa
Lender recommendations in the Fitchburg Leominster MA area
If you are a lender that covers this area or have dealt with someone in Worcester County that you would recommend. I am looking to gain another source or two. CUs I hear can offer portfolio loans with a bit more fav...
Thomas Waski
Mortgages for Veterinarians?
Hi BP,
My fiance is a veterinarian and because of this has little savings in the bank. I think this is a problem most people with advanced degrees may have, but has anyone gotten any special mortgage or loans for thi...
Sarah Stamper
Asset based lending?
Has anyone had luck with doing a refi on BRRRR recently? Looking for asset based lending for refi on a rental house I just rehabbed and rented. I was supposed to close on a refi last week (had rates locked in) but tod...
Danny McGreevy
Understanding benefits of Cash Out Refi for downpayment on another property
Hi BP Fam!I purchased a property recently with 20% down. If I end up needing more capital for another rental property, I may wish that I put 10% down so that I can have more capital available for another downpayment....
Scott Rovito
New Real Estate Investor Intro
Hello everyone,
My name is Scott and I am not only new to this forum, but I am a new real estate investor. I am currently learning and researching various markets for my first investment property. Primarily interesre...