Bogdan Kosilov
Self employeed trying to buy first property
Hi,I’m trying to get my first rental property but don’t have a w2 that shows substantial income. I’m self employed and I barely even pay myself on paper so I’m wondering how I can actually get my first mortgage. I tri...
Kenneth Garrett
Will Forbearance Develop into Foreclosures in 6 Monthe
COVID-19 has created havoc in the RE sector. Tenants can’t be evicted and Landlords have to pay there mortgage. Is there something wrong with this picture. I acknowledge the fact there are loans/grants to apply for...
Nestor Soto
Hard money
Hello. I'm Nestor from MD. I recently got pre-approved for a mortgage by a hard cash lending bank and even with an excellent credit, since it's my first flipping deal, I only got 50k pre-approved. Anybody has any advi...
Bryan Crow
Commercial loan with balloon note
I have a few paid for rental homes that are held within a c corp. I would like to expand the portfolio with mortgages but am being told that I would need a commercial loan rather than conventional financing. The comme...
Matthew Otero
Anyone familiar with commercial loans or consolidation loans?
Hi everyone. I’ve been researching what I can and realized I haven’t tapped into the BP community where someone might be able to share personal insight. My partner and I have a few SFRs and a few Multis with mortgages...
Michael Williams
Interviewing possible commercial lenders
I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are di...
Raylor G.
Multiple Mortgages, Multiple Properties
Hello BP,When you have multiple mortgages on multiple properties, is it best to useone lender or to spread them out. What are the pros and cons?
Swetha Reddy
Out of State Investor Commercial Loan in Alabama
Hello BiggerPockets,
I am an investor from KY, looking to invest in Alabama, and I am having an issue getting a response from lenders.
I have another property in AL that was paid in cash (6 unit) and not able to re...
Ram Rao
Renting primary residence after 4.5 years of financing due to job
Hi,I need your help understanding Wells Fargo (and other lenders) policy for renting the home in California.We got a 30 year fixed loan from company-XYZ which sold it to Wells Fargo; my family and I have been living i...
Jim Coleman
Can loan buy property and supply money for repairs?
What I'm asking is when taking out a loan for a property to purchase can I take out extra funding to make repairs on the home as well? I want to buy a property to rent out and use some of the loan money to make repair...