Bruce Thomsen
Proof of Funds/Pre-approval
Hi Team! Thanks in advance for your feedback. My brothers and I own a few SF's and are now looking at MF's. We are activity looking at 3+ family properties. We have been deterred from certain properties because they s...
Tri Ly
Looking for feedback on Chicago market for multifamily CRE
I'm looking for my first investment property in Chicago markets. I'm interested in higher-than-average income neighborhood, even better with upside possibility (gentrifying). I'm mostly looking at urban, smaller size ...
Cody Hawkins
Are all FHA loans the same???
As I am preparing to make the leap into real estate and purchase my first property, I know I will want to house hack a multi-family property. I know going with smaller local lenders like local banks and credit unions ...
Tony Roddenberry
smartmove
I close on a property next week that I plan on renting. I'm looking for some feedback on smartmove. Cost? Pro's and Con's?Any info will be helpful.ThanksTony R
Darway Dalmeida
Why LLC vs Personal Name?
A Topic, I would like seeing discuss, is why an individual with more than 5 properties is force to finance in LLC vs Personal name? Its a scam they do not care about the property value and only care about their borrow...
Jacob A.
Transferring property to LLC without invoking "due on transfer"
Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...
Nick Mauldin
CAP rates like I’m five
So as I understand, a CAP rate is based on NOI. However, I’ve also been told that CAP rates have to do with risk. Question, why would I want a higher CAP rate if it brings increased risk. For example taking a 6 CAP...
Bridgett J Bell
DSCR Loan docs question
Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...
Seth Williams
Loan Amortization Software
Does anybody know of any good Loan Amortization software solutions out there?I've been using Loan Amortizer Enterprise (loanamortizer.com) on my PC for several years. It's a pretty decent program and it gets the job d...
Zachary Rosa
indoor pool 10 bed 2 bath refi
Hi,2 years ago I bought a very unique property in NH. It has 10 bedrooms and an indoor pool. This property is zoned residential. The property has brought in over $220k each of the past 2 years and on track for more t...