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I am closing on a fourplex next week, this will be my first investment property. I could get away with a few thousand dollars in rehab, but I plan on rehabbing one of the units immediately while it’s vacant. I purch...
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Hello everybody I own 21 units (fully paid off) and I would like to refinance without a balloon.Is there such a thing? I would prefer to cash out 70% or more and have a mortgage for 30 years fixed but without a balloo...
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I've been doing some looking on LoopNet and saw some portfolio investments available.There's a portfolio available with 25 homes inside the portfolio. They are all 100% occupied and are generating an average of $1,000...
Hello BP Community,I'm new to BP and am a fledgling real estate investor. Here's my situation: I've been the owner of a condo in the Chicago suburbs since 2007. Originally purchased as a primary residence, however y...
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Hey all. I have a client in IL looking into purchasing their 1st STR property in the Gulf Shores area. The problem is that my client's credit is in the low 600's. Does anyone know of any loan programs that would wo...
Hi all,I'm looking for advice on finding a mortgage for a $100k home as newly self-employed potential property owner, but after hitting 2 dead ends when trying to get a traditional mortgage through 2 brokers I'm not s...
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Hello All,
I am looking to close on my first real estate deal. I am currently approved for an FHA loan and buying a triplex. I am running into an issue with the zoning. The place currently has three separate dwelling...
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Hey everyone, A friend of mine has come into some hardship, she sold 2 of her rental properties in an attempt to build a 1 bedroom home for retirement in northern California, she bought the land outright, and has fini...
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Has anyone worked with Security National Mortgage before? My escrow went up, so I prepaid the estimated taxes and insurance, but my overall monthly premium went up although I have a fix rate. They sent me a escrow ana...
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I know the general rules here but want to see if anyone can point me in the right direction. Here are the basics of what I'm looking for and my situation.Foreclosure 3 years ago, now I own my primary home free and cle...