Joshua Feit
Financing a property with eight units
I am working on a deal in Atlanta with eight town homes on one property. So far, I can not find a bank that wants to touch the loan. Purchase price is $250K, and we plan to pay 25% down. Any ideas of how to get thi...
David Noskiewicz
Do not want to quit on commercial!
Hey ladies and gentlemen, I am basically ready to make the leap, have all finances in order, great team (attorney, bookkeeper,CPA, Broker, etc.) and have been looking into residential multi-families in Northern CT, an...
David Bennett
Cash out refi tax question
Hi All -
Apologies if this has been discussed 10,000 times before, I searched the forums and struggled to find an answer to my exact questions. I plan on speaking to an accountant closer to tax time, but figured I’d ...
Hugh Carnaha
Diqualified after 10 properties or 10 conventional loans?
Howdy Guys!
I though the rules (fani and freddi) are if you hold 10 properties you can no longer qualify for more. I bought 20 at one time under a commercial loan so I could meet the deadline of the sale. This was my...
Eric Brust
Looking to Refi 4 Unit in Myrtle Beach
Hello BP fam.I have a 4 unit multifamily in Myrtle Beach that I own outright. There are no existing liens on the property. However I purchased this property using a LOC on a long term stock account that I have. I am t...
Ty Mellinger
Should I use a mortgage broker?
Hello I am a newbie to real estate investing. I am looking to purchase multi unit properties, 5+. I am looking at my potential first property, a 6 unit, right now. I realtor sent me the lead and wants to wait to show...
Jermaine Waldron
Cash out refinance and transfer to LLC
My plan is to place my current residence in an LLC and utilize as a short term rental (AirBnb, VRBO, etc.) and also do a cash out refi. I formed the LLC, and then was notified that since I have an FHA, I could not qui...
Zach Adamson
Suggested brokerage supports both commercial and residential?
Hi! my name is zach Adamson and I am brand new to BP. I will be sitting for my RE license exam in a few months, and am also involved in a few budding real estate investments. My question is rooted in picking the right...
Michael Klinger
"Plan B" refi strategy ?
I have an owner/user building that houses my business. There is substantial equity in the building, while simultaneously the business is no longer strong as it once was. My current plan is to sell (it is currenty on t...
Steve Davis
Commercial vs residential loan
Hello BP,I recently spoke to my mortgage broker as I am in the process of acquiring a residential property. I am working with an A lender at a conventional institution and he has no problem financing houses for me as ...