Joshua Hollandsworth
Will banks finance package deals?
Will banks finance package deals? I assume portfolio lenders would, but not sure about big banks. For example: 3 Multi Family properties for sale at, say, 100k. Would a bank finance this even though each specific mort...
Travis Barkel
Cutting my teeth in Muskegon, MI
Investment Info:
Single-family residence buy & hold investment in Muskegon.
Purchase price: $60,000
Cash invested: $14,000
2 bed, 1.5 bath single family downtown Muskegon. $850/mo rent
W...
Robert Hodgson
Struggling to find a lender for cash out refi
A rental property I own in St Louis, is rented and cash flowing (no mortgage) but I cannot find a lender to refi it as the value of the property is too low (under 75k) what other options do I have, or can anyone recom...
Justin McGonigal
Financing Getting Started On Potential Good Buy
Your goals and story: Looking to grow a portfolio of SFH rentals to create a passive income revenue stream. Looking to supplement income. Location of property: MarylandPurpose of financing: purchaseType of financing s...
Matt Smith
$90K salary for $3.8K rent: accept or reject?
I have a candidate who makes $90K per year. The monthly rent I would charge is $3.8K per month. Should I even consider accepting?
Forrest King
Should I replace the windows and siding?
I have a house (1600 sq ft, 3 bed 1 bath on slab) I paid 105k for. It was a d- in a nice neighborhood, comps in the high 100's and low 200's. In 2008 it appraised for 135k, now worth 146k as is. It's a Frankenstein/Go...
Stanford Walker
How and when should I talk to a bank to refinance a BRRRR deal?
It’s just a simple question I had. I was wondering when the best time would be to talk to a bank to refinance a BRRRR deal. Should I do it before or after the rehab or let a bank know I plan to refinance the house aft...
Calvin Kwan
[Oakland] Appraisals during COVID
Hi All,
During this shelter in place, do you know if appraisers are doing drive-by only, or are they actually going into units? I'm in contract on a vacant fixer unit that needs foundation work. I'm afraid if the...
Al Y.
Who do you use for CASH OUT Refi on multi family? Terms?
I’m looking to cash out a 3 family property in NJ that I bought cash and remodeled. My main bank says after 1 year they can do 75% LTV based on appraisal. Under 1 year they do 75% of purchase price max... rates for LL...
Finley Miller
Best options to refi a fourplex in Portland
We have a fourplex in Portland that has a seller-financed mortgage on it. Its worth maybe $900-$950k and is at about 40% LTV. We hadn't refinanced because of the prepayment penalty on the note, even though the rate ...