Alexandra Scardo
Logistics of using private money as part of the cash to close
Next week I have a tentative closing date on my first flip! I have a hard money lender and I’m using private funds from family as the cash to close. How do I actually move that money around? Should I have my private l...
Shawn Varner
New Construction 4-Plex - Financing and other Advice
Hey BP, I've recently sold off my Vacation Rental properties and I'm looking to get into small Multifamily Rentals. Everything in my area is priced too high to have any sort of positive cash flow. So, I've been lookin...
Robert Zazac
Ideas for funding/financing multi-family properties!?
Hello BP members! I am a Pittsburgh investor currently shopping for a new multifamily (2-4 unit) buy and hold. I have come upon a triplex, fully rented on 1 year leases and cash-flowing, that combined with operating...
Grant Amsberry
25% down on my first rental property
I am in the process of getting financing for my first rental property. The lender wants 25% down. Is this standard? Are other lenders more flexible?
Rob Flagg
1-4 Unit Non-Owner Occupied Financing - 80%+ LTV?
Hi Biggerpockets!I have a question for those seasoned veterans out there that have more experience in the financing of 1-4 unit non-owner occupied multifamily. Let me start with a preface first: We purchased a townhom...
Arman Ali
Looking for lenders - Cash out refinance
All - I have purchased my first SFR and and challenged by the refinance portion of the BRRRR with interest rates going up. One particular challenge is that Fannie May and Freddie Mac have a clause stating that you nee...
Steve Mcmahel
Seller financing: benefits and liabilities to the seller
I have come across an opportunity to purchase a SF home before it hits the MLS. Owners are retired and home is paid off. They are wanting $150K but they know it could sell for as low as $140K with repairs needed. Tax...
Tuvia Goldstein
Refinance within 6 months or purchase?
Hi All!I am involved in my first few BRRRR deals and am realizing that the refi part of it isn't as simple as I thought. It seems that many banks dont allow for a refi within the first 6 months. Some allow for what th...
Account Closed
Owner/Seller Financing family opportunity
Hello. I am a first-time home buyer and might have the opportunity to purchase a small, 2 bed, 2 bath 1100 sq ft home from my parents using seller financing. The home is paid in full, and they rent it out for $1400 a ...
Tom Murray
First BRRRR - 10+ units Twentynine Palms, CA
Investment Info:Small multi-family (10 units) BRRRR investment in Twentynine Palms, CA.
Purchase price: $450,000 (Mar 2018)
Cash invested: $300,000
Post-rehab value: $850,000 (Nov 2020)
First BRR...