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I have a absentee motivated seller who has been paying $615 mortgage on property in Huntsville Alabama that is vacant and needs a lot of work. This home can rent for $700 per month. Property is underwater but seller i...
I am stuck on how I can obtain financing on my residential development venture. I live in the SF Bay Area. I own my home and started the process of converting my backyard shed into an ADU to earn rental income. In add...
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Hello, BPs community!!This is my official 1st post! A total Rookie here but ready to learn about the RE investment market in South Florida (for now).I already have a Condo (primary residence) and planning to buy a 1st...
Hey BP, coming across a little problem while trying to obtain access to some financing, A family member of mine is requesting a Home equity line of credit under their primary residence which is completely free and cle...
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Hello, How does one go about learning lender requirements for apartment building financing, prior to getting an apartment building under contract? Is there a section, that I'm missing on BP, for commercial lenders?
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Hi BP! I'm looking for someone who has gone through the process of obtaining HUD financing and what their experience was like. I've heard many positives and a few negatives, but primarily from individuals who want us ...
What is the difference? Is one better than the other if I am wanting to buy it and then rent it out?
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Hi guys! I’m still under contract to buy a property, and the plan was to create a studio apartment in the back of the house while the current tenant rides out their lease. However, the underwriters won’t approve the l...
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Hello,I have a few rental properties (condo's) and I'm looking at my first multi family property (apartment building, 32 units), What type of financing numbers are you seeing for apartment deals given the recent rate ...
I have a HELOC on my primary residence, and I want to use that line of credit to fund buying and rennovating a distressed property. Has anybody done this sucessfully? What difficulties or unexpected issues did you e...