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Scenario:My dad owns an old Victorian home free and clear in an up and coming neighborhood near downtown Milwaukee that is being revitalized after falling into blight for several years. The property is a 5 bedroom 2 b...
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O am 21 years old living in Maine. Very interested in a 4 unit apartment complex with additional commercial space that is currently a turn key beauty salon in business. All 4 units are occupied. Four 1 bedroom 1 baths...
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How do y’all collect rent from tenants?Me and my family recently came across an ad that seem too good to be true. It was for a rental on Craigslist. 3bed 2.5 baths all bills paid except water with a security deposit o...
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I purchased a home in the space coast area of Florida last Feb with an FHA loan at 2.75% interest rate. The value in that time has risen from 200k up to about 270k-300k. We are now trying to refinance out of the FHA l...
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I'm in the beginning stages of looking to buy a multifamily in the 100-200k range (or <100 if I decide to try a renovation). Haven't decided on a market yet. Has anyone had experience with using FHA loans, did it h...
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I am currently looking to access the equity ($50k) in my duplex. I have talked with a few banks and my options are:
1. Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate
2. Cash-out refinance 4...
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Hello BP community!Looking to purchase a $110K townhome with existing HCV/Section 8 tenants ($1350 rent, $1000 govt $350 tenant) with my LLC.Loan amount would be under $100k assuming I would be putting 20% down, unles...
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We own a STR business in MO. We have 15 STR with two completely free and clear. I would like advice on which loan product would work best in the situation described below:
We want to use the equity in one of our paid...
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BACKGROUND: I WANT TO PURCHASE A SECOND INVESTMENT HOME, I CURRENTLY DONT LIVE IN MY HOUSE I RENT IT OUT COMPLETELY (3UNITS), IVE BUILT UP ENOUGH EQUITY AND I WOULD LIKE TO USE IT.QUESTIONS: DO I APPLY FOR A HELOC FIR...
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Hi Everyone,
I have currently acquired a property in Milwaukee, Wisconsin. I am planning to do a BRRR deal on this one. I have acquired the property through a short term loan with a ballon period of one year and at h...