I recently contacted a bank about getting pre-approved for a loan on a 2-4 family property, and these are the rates I was quoted:- Fixed would require 25% down; ARM would require 20% down- 30yr fixed is currently at 4...

Hi all,

I'm a Realtor in Chicago.

A friend referred a customer to me who wants to buy a small storefront, which happens to be an REO property on the Chicago's South Side. He has spoken to the bank, agre...

Hey!
I wanted to reach out and see if anyone had any experience getting a multifamily unit using an FHA loan.
Specifically,
1) How does the process work?
2) Do you find a property and pitch the “idea” to a bank?
...

I hoping some of you can point me in a new direction. Heres the basic facts:1. I stopped working my regular job about 2 years ago. Got my 35 plus years in engineering in, to draw full social security, in a few more ye...

Hello BPMy name is Donovan Keim, I am for all intensive purposes a "banker" (assistant manager) for Huntington National Bank in OHIO.  I do not speak for the bank nor make any promises, however, if anyone is intereste...

Hello, I have a vacation rental property management business and I have a question regarding deposits into a bank account. How I have it set up currently is the owners (my clients) are receiving Airbnb payouts and I s...

I have a 5 plex (one bedroom units) property I want to refinance.  I owe about $80,000 (balloon due in 2020)on it just had a comparative market analysis that valued it at $245,000.  Brings in about $2,500 +/- in rent ...

Good Evening Ladies and Gents! First time poster, thanks in advance for the assistance! I recently completed my first flip in Anderson, IN and made a modest return. Looking back on the deal, tho, I think it would have...

How's it going BP?
Im having trouble finding anyone that will finance me, I'm a 19yr old college student, fair credit 650+, 3yrs on my current job, never missed a payment on any of my credit lines, paid my first v...

Two months ago, I closed on a triplex using a 20% down conventional home mortgage. I had intended to live there, but I came to realize that my commute to work wasn't feasible. Also, the perfect alternative living situ...