Michelle Williams
Commercial loan rates for refi
Im looking to refinance 2 SFHs that are owned by my LLC. I currently have 15yr 7.50% rates (current LTVs are 51-63%). What are current commercial loan rates and who will refinance, having a hard time finding someone...
Ben Zimmerman
questions on a first rental property
Hello BiggerPockets!My situation: I purchased my home last year for 165k, and have roughly 45k in equity. I have a decent job and am saving ~2k a month with ~30k in savings. I am looking to buy my first rental with...
Steve Foley
Fannie Mae Mortgage Restrictions
How do you get around the Fannie Mae 10 mortgage limit for rental properties? Long story short, I do not want to pay off a mortgage before I buy another. If the only answer is to create a LLC, how do you get the len...
Nicholas Foy
Real estate investment failure
I closed on a property in Warren, MI on Oct 20 and I quickly found out through my property manager that the house is in a horrible area and won't fetch enough rent to cash flow. I was too giddy to get another property...
Raymond Kalonji
Name on Mortgage but Deed in LLC for liability Protection
Hello,
I'm moving out of my primary residence on which I have a residential mortgage in my name to another house that will become my new primary. I plan to rent my current house, so I asked the bank if I can put it...
Ryan Sun
Maximize the use of the 10 conventional loans for a married couple
We've learned that each individual can secure up to 10 conventional loans with favorable interest rates. To maximize this opportunity, it is recommended to utilize the full allocation of 10 loans per person. As we pro...
LaTasha Belcher
Tax Deed Sale Purchase
I've been to a few tax deed sales here in Jacksonville, FL and I wanted to know about financing for this type of purchase if there is one available. You only get a small window of time to pay the full amount of the wi...
Mark Weins
How to check if my phone number is spam
Hi,
So I have a top 99% connect rate of 21% and today I started cold calling 18 prospects and I had 0 connects. If I had normal phone numbers then I would expect an average of 3-4 connects by dialing 18 people based ...
Douglas Sanson
Found my first deal and private lender!
We put an offer in on our first deal this morning! We have a possible private lender that we are going to present the deal to. What are some of the typical terms and rates you suggest using when presenting this deal? ...
Justin Melton
Residential Bridge Loan
My parents are purchasing a home in Indiana before they sell their home in Florida. The are looking $350-450k price range.
They are wanting to pay cash for the home in Indiana, but won't have the money to do that u...