Terrance Merck
What is the best way to get 6 unit apartment under contract?
I met with a real estate agent on a 6 unit 1 bed 1 bath apartment building. I am informed that the owner is the original owner of building and has had it since 1986. Agent informed that the owner has been hands off fo...
Joe Edwards-Hoff
Insurance for a $350k 10plex?
Hey all,So I have almost closed on my first bigger purchase of a 10 unit apartment complex for $350k. I live in south east Washington. And I am clueless as to where I should look for insurance on the commercial prope...
Jessica Frisk
7/1 ARM vs 15 year fixed on duplex
We have just entered into contact on an investment property duplex. We can get a 7/1 ARM at 5.35% with $12,000 in closing costs or 6% with $7,100 in closing costs. Alternatively, we can get a 15 year fixed at 5.25% wi...
Monica Soyemi
CHICAGO DSCR LENDER NEEDED ASAP
So I purchased a property a few months ago through a wholesaler, a Hard Money Lender actually blasted out the deal to investors across the country and I was able to get the deal. I just completed the rehab a couple of...
Brooke Morton
Cosigner for hire for mortgage?
I am a first-time investment property buyer, presently jumping through the hoops to prequalify for a mortgage for a potential property (I do already have a mortgage on the house I live in). I am a freelance writer, an...
Jenni G.
Iffy about getting rid of property mgt co
Spouse and I own a townhome rental about a mile from where we live. We utilize a property mgt co. There are things the company does that drive me batty. When I get the monthly statement as I am opening it I think "w...
Matheu Santos
Is it possible to get a HELOC under these circumstances?
I live overseas, but I own a rental property which I owe 240k and is worth 345k. My goal is to apply for a HELOC for a downpayment on another investment property. Is it realistic to get at least 10k from this strategy...
Sahara Faughn
Please advise - Covid-19 partial claim, Preforeclosure auction and home sale
I am currently in Preforeclosure with a scheduled auction on August 20th, and I am under a special forebearance due to medical issues and having 2 small children under the age of 7. I found a buyer for my home, got a ...
Tucker Bone
First Owner Occupied Investment Property - Tampa, FL
I'm currently looking for my first home in the Tampa area. Based upon my limited knowledge of Tampa's market its tough to say which is the better option, single family house hacking or multi family and renting the oth...
Liam Martin
401K for first real estate investment
Hey BP,I am in the process of buying my first rental property. I live just outside of Boston, MA and plan to buy a property within 30 minutes of my current residence using FHA financing. I found a couple of deals that...