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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...
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Hello BP Community,I got a MFH loan for $400,000 with my personal bank (Wells Fargo) back in June. It doesn't expire until October. The interest rate is 3.625%. WF has high lender fees and the interest rate could be b...
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I'm having a helluva time trying to get a few of the lenders that I have spoken to tell me how much exactly I can look to borrow for a conventional loan on a new residential multifamily purchase. All I want to know i...
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Hi. I am new to here and new to the real estate market. I have a question about owner financing. I am in Pensacola, FL. My husband and I have found a house we like and upon calling the owner found that he only wants $...
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I am buying an off market deal, the numbers come out to be a 15ish cap.
The neighborhood is decent, dont expect value to rise like the rest of the market.
The property has strong rental figures, around 10,500k a mon...
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Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
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Hello BP'ers,This question is more for experience Commercial multifamily investors. Is it possible, or even preferred, to purchase or take over the existing Business Entity (LLC, Corporation, or whatever) when purchas...
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Hi all,I Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my...
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So this is my first flip and i'm trying to get the numbers right, below is how I have figured my costs. Just wanted to know bigger pockets advice. I will be doing the majority of the work besides plumbing, electrica...
Hi BP, I am preparing to ask a relative to sell me his small multifamily residential property in the city of Houston. He's getting ready to retire and move out of the city. I'm going to ask him to sell his propert...