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Hey guys, this year I've set a goal to pick up 5 rentals for starters in the Philadelphia area. I'm totally new at this and would like some expert insight on the steps to doing so with little to no money. I sort of ha...
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Hi, I am putting conventional loan bid on a property. I have a pre-qual from one bank, and have a term sheet. I want to know if someone can give me some typical terms they have come across. For example, this loan is 2...
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I have several properties that cash flow very well average is $450/ month after financing, taxes, capital expense reserves, etc.
I have two different financing banks. Both offer the same terms with a 10 year loan ad...
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I am looking at purchasing a 4plex. I currently own one other SFH besides our personal residence. A direct lender told me that since it was a 4plex I would need to put down 25% instead of 20%. I was under the assumpt...
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Hello,I'm closing on my first duplex purchase this week and had a question about the live-in requirement because everything I read mentioned "calendar year". FHA website seems to indicate that in order to meet the req...
Can someone please explain to me how refinancing allows one to “cash out” on a property? Having not yet owned my own home (and therefore having never had a mortgage) for some reason I can’t wrap my head around the val...
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Hi all!
We're looking for an asset based lender in Idaho. We have great credit, no bankruptcies, and no debt, but are switching careers (from church ministry to full time REI) after 25 years, so we obviously don't...
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Aloha BiggerPockets Community!I’m a new member currently living in Hawaii, but expecting to move out to the East Bay Area, specifically Concord, in the upcoming weeks or months. I was hoping to get great recomendation...
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Hello All,Quick background.. I started real estate in 2005, bought multiple properties (high-interest loans, arms, etc.). I had no idea what I was doing.. (was 21). Went through the recession and ended up short-sellin...
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Hello All.I am refinancing a 3 unit investment home with Fannie Mae Guidelines. 70% LTV cash out. Lender is a small brick and mortar bank in the North East.My lenders origination costs are 2.5% not including discount ...