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Results (10000)
Shahn Sattar 5+ Unit Commercial Lender
27 April 2019 | 14 replies

Hello BP,I am looking to get pre-approved for a 5+ unit property and wanted some tips/recommendations on what to look for in a commercial lender. If I'm looking in multiple markets, should I look for smaller lenders i...

Account Closed Have to FIND TENANT & LEASE before closing my DUPLEX?? First Time Buyer
22 February 2023 | 13 replies

I am about to put an offer in for a duplex in Austin and my lender informed me that I would have to have a rental lease agreement showing the arrangement is in place for at least $1700 rent for my tenant (because I am...

Scott K. How does an assumable mortgage work? Seems like a great idea now!
5 December 2022 | 6 replies

With rates 6.5%-7%, especially for investment properties right now, I just read about assumable mortgages where you simply take over the mortgage of the seller when you buy the property. How does this work? Can anyone...

Bill Baldwin Six months mortgage reserves required?
19 May 2016 | 8 replies

Hey all - question on necessary reserves when applying for a loan through a US bank. I'm currently working on closing my second US property, first time financing through a bank. They just mentioned that I need to show...

Richard Douglass Newbie in Minneapolis, MN
26 January 2020 | 14 replies

Hi everyone,My name is Rich, and I relocated to Minneapolis in August of 2019 for a job at the University. I just finished 4 years of undergraduate and 5 years of graduate schooling. I have no student loans, but I mov...

Trista Yerkich Condo for Rental Deal
9 October 2022 | 4 replies

Hey everyone! Analyzing my first possible buy/rent property. It’s a condo in the north Dallas suburbs. I’m planning on offering 30k below list (all cash) because the monthly HOA is quite high at $430 a month and the d...

Corinthus Wilson 203k contractor
10 April 2016 | 10 replies

I am currently in the process of purchasing a three unit building and need a contractor in Chicago il area who is familiar with the 203k process.  .

David Pearl Cash out refi for Airbnb farmhouse retreat
18 March 2024 | 11 replies

I own an Airbnb in a desirable vacation rental market. The area is more rural, however it’s a desirable vacation destination and we offer a high end farmhouse retreat experience. I know rural properties can be a littl...

Laura Winegardner Factoring potential STR income into budget for house hack?
30 March 2024 | 7 replies

Hi all - I hope to start my REI journey with a house hack in Nashville (live in basement/smaller space with separate entrance, Airbnb primary living space).  I've been told that it will be difficult to find a property...

Ricardo Flores Who's right, Lender A or am I ??!!
26 July 2020 | 8 replies

So BP, I need your help. This year has been a real rollercoaster ride. I kicked off 2020 by initiating a refinancing of my rental, this March, right before the whole COVID-19 pandemic. In the beginning  when the appra...