Leo Tamcsu
FHA Loan at 18 / What problems do you see
When I turn 18, I plan to get a 4 unit house and live with my friends, If I do a down payment of the conventional 3.5% and then split the rent 1/4 or even charge them more, what could go wrong, assuming I’ve known the...
Victor N.
Looking for a Bank for my BRRR Strategy
Does anyone has a recommendation for a bank or credit union which will do a Heloc or any other type of cash out for a non owner occupied property?Im looking for a Heloc on a duplex that I own free and clear.TD Bank do...
Tyler Kaufman
How much house/Creative purchasing?
Hey all, I wanted to start off by thanking the community and the wealth of resources here. To summarize, there are several factors that have me (as a first time buyer looking at Multifamily FHA for house-hacking) to w...
Michael Hassell
First meeting with portfolio lender...
So a mentor of mine is arranging a meeting with a portfolio lender (small local bank) reference a deal I have in the works. This will be my first attempt at such financing. Everything I have done to date has been co...
Joseph Tarallo
Financing question
Hello investors hopefully someone can help me with this. My question is when it comes to getting financed for a second property. If I have one property and it's producing a positive cash flow after mortgage and expen...
Melissa Dorman
How I got a 4 plex in Portland for Free!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,225,000
Cash invested: $100,000
I call this my "Freeplex" because the cash back I received from my commis...
Melanie M.
Motivated Seller -- How to Structure the Offer(s)
Hi BP Nation,
I have a motivated seller with a property in Florida. He wrote a lease-option on the property 2 years ago, tenants are great, responsible for all maintenance, no late payments. Option is written...
Adriel Hsu
Help Analyzing a 14 unit apartment
Hello, I have a 14 unit deal I am looking to purchase, but a few things are making me hesitant so I’m reaching out to BP for opinions. See the 3 things after the financials Purchase price: $390,000 I can get financing...
Jason Foy
Finance purchase under 35k
Hello,I talked with two credit union mortgage brokers today. I was seeking funding of about 30k to purchase a property to fix up and rent out.I am willing to put 20% down And pay those closing costs. Property has ligh...
Darian Richardson
Filling Out State LLC (Neveda)
Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...