Edwin Park
Refi and LOC for mixed use building
Can anyone recommend any small banks/lenders in the NYC area that will do a refinance loan and line of credit for a mixed use building? Something along the likes of:$950K loan (50% LTV), 10 year term, 25 year amort...
Chavdar Kehayov
Free and Clear Property under LLC i need some financing
Hi Guys, Could you please give me some ideas how i can get some financing. I have a free and clear property located in NJ under IL LLC. I would like to get some financing available to do two short sales cash deals. My...
Mel McLeod
Home Equity Conversion Mortgage (HECM) - HECM for Purchase - Senior Market
The HECM is for the senior market, age 62+. I am an agent with a very large carrier (think about Marlin Perkins from Wild Kingdom :) and this FHA insured loan is the only loan for which I originate. Many seniors, 62...
Andrew Larson
Cart Before The Horse? What Order Do I Go In?
Okay, so I feel like I am beginning to get a grasp on the scope of professionals I will need to be connected with before I really dive into my first deal. My question is two fold: 1) Who should I have lined up before ...
Holden Latimer
Swamp Cooler Start-Up/Tune-Up
Its time to start up the swamp coolers for the 4-plex I acquired last November. We had a couple breaks in the copper line during the winter that we need to fix. I was thinking of using a product like FiberFix, but fig...
Nick Moran
5% down vs. 20% down?
I am shopping for a duplex in Salt Lake City, as a first time purchase and house hack. My game plan has been to put 5% down with an FHA loan. However, I am having trouble finding any properties where the numbers work,...
Brock Bonnicksen
Tenant clogged sewer 3x in 3 months
I have an issue with a tenant repetitively clogging the sewer, and requiring a plumber to unclog each time. The first two times I hired the plumber and covered the costs. The plumber believes it is an issue with use -...
Seth Williams
Cost of Separating Gas Meters?
I'm looking at buying a 4-plex right now. After running the numbers and doing some pretty thorough research, this property appears to be a cash cow except for one little problem... there is only one gas meter, one ele...
Tarso Teixeira
HELOC on Investment Condo
Hello BP, I am looking for a a lender in Florida that will do a Home Equity Line of Credit on an investment property. I have quite a bit of equity in a condo. I would like to use a HELOC instead of a refinance and pre...
Susan Steele
Good or bad time to start Loan signing career?
I bought a Loan signing course in October 2017. I'm measuring whether to start it this year. I am weighing a few options to pay down debt and save for property. With rates looking like they may be on the rise etc ( Sa...