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I came across a property in an area that I have been monitoring for about 2 years now. Decent initial price, however, as the title above denotes, it is a BANKRUPTCY AUCTION!
I have never dealt with a bankruptcy au...
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Hi All, First time posting and new listener on the podcast. 7 months ago, I purchased a multi-family home. I live in one unit and rent the other 3. I'm able to live for free and I'm at 1% rule after renovations. Final...
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Hello,
I am having trouble locating a lender that can do a 2-4 unit 95% LTV loan with no PMI in Illinois. Does anyone have any referrals?
Best,
Jerry
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Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
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Hey peeps.I recently found a deal I wanted to conventionally finance it. I asked my agent to give me a lender, and he gave me 3.Me, not really knowing what I'm doing I asked for a pre-approval from all 3 of them.There...
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Hi all,After trying to do this in Denver for my nephew, I am now braving another hot market in Portland to find a place for my 2 daughters who just graduated and live there. Prefer a close-in SE Portland (love Sellwoo...
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My current understanding is that my DTI will actually get worse as I acquire more properties even if they have comfortable cashflow margins. Example below to try to explain what I'm thinking.-----------Let's say salar...
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Hello all,I live in VA and bought 4 rental houses in MD. I used equity loan of my primary house to buy them , 4 of them are clear and have more than 30k cash for down payment if needed.So I am wondering if you guy...
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I've watched the BP webinar on the BRRRR method but I'm wondering how this works if you buy the property in your name with the goal of moving it into a holding LLC after the rehab. Will banks allow you to refinance o...
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Good day BP!Yesterday I had an opportunity present itself that looks pretty fair on the napkin. Still getting some numbers to create a more thorough analysis, but my question comes in for financing.The opportunity is...