Eddy Ramos
Financing from Local Credit Unions in South Florida
I am looking for local credit unions in South Florida where some investors have had success with so far. Wondering if someone may be able to share their experience or the local credit unions that understand Real estat...
Cyrus Khan
Leverage existing properties or save cash to buy multifamily unit
Hi everyone,
Needed some advice on how best to raise capital to buy a multifamily unit. I currently own 2 townhouses each worth about 250k-260k each. Both have conventional 15 year mortgages on them at 2.75 and 3.75 p...
Tom Insixiengmay
"trying" to get into property renting
Total newbie here so please bear with me if you read through this and think this guy as no idea what he is talking about. There is a good chance I don't. Here's my "short" story. Currently living in my first/starter h...
Brian Keeler
Buying Multifamily out of State
I live in NYC. I need to buy my first multifamily property.I have sponsors and investors for deals up to $7MWhat should I focus on and why?I expect to be investing out of state due to compressed local cap rates.Anyone...
Mehran K.
HELOC Not Interest Only... Why?
Hi everyone,
Got my HELOC on my primary last month and just made the first payment. It turns out my loan terms during the draw period are that my minimum payment is 1% of the balance. For some reason I thought it wou...
Niti Jamdar
Partnering with a Contractor on a flip
Hello all!I'm considering partnering with my contractor on a flip. We have worked with this contractor for 2 years, and he manages and fixes issues with our existing rental properties. So we've built a good level of...
Account Closed
HML / LLC
Hello all,
Just began shopping around for hard money loans, and the first one I communicated with requires that you form an LLC in order to receive the loan. Is this common for most hard money lenders? Is the...
Sal San
Guam Real Estate Experience and Advice
Has anyone invested in real estate in Guam? I visited this lovely island a few weeks ago and was impressed by the development in the area. However, real estate SFR is quite high with an average median cost of about $3...
Matt Ward
All Cash BRRRR vs Finance (1st purchase)
Hi Everyone, long time reader-first time poster!I'm approximately 6 months away from being ready for my first purchase. Here is some general info: I live in a very expensive market, I have a great mentor who's plan ...
Jeffrey McKee
Property # 2 Financing Falling Through
Hey everyone, I am under contract and nearing my closing date when I get a call from my banker saying that I do not qualify for the loan program we are applying for. We had made it to underwriting after which they no...