Hey all, just closing on our first property (duplex) thats finally been scheduled for Monday at 3pm. Doing that one traditional finance with 25% down. However turns out I know the owner of the property through work, a...
I have a person that wants to walk away from their property and allow me to keep the loan in place for five years until I have refi. What steps do I need to take? How to write the contract? Do I get my name added to t...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $88,300
Cash invested: $88,300
Sale price: $320,000
My very first duplex. My next door neighbor told me...
Is anyone having luck with refinancing their rental property mortgage with a balance of under 100k? I have a SFR rental with a 67k balance that I've been looking to do a straight refi on (no cash-out). Since COVID I'v...
I've been listening to audio books lately during my work hours and i've been learning a lot but the one problem i've been having is not being able to write down tip and points. I know on a basis what to ask the lender...
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $1,694,000
Cash invested: $423,500
3 buildings each with 6 units. Rents were 10k per month in one mont...
Hello everyone. I have been in the talks with a couple of real estate agents. I just meet this new one and she has A TON of experience. 25+ years. She recommend me a lender called "cross country mortgage" ever heard o...
All,
I'm looking for advice on financing multi-family properties in the Alabama market. What financing terms should I ask for or expect for these types of deals? Based on my research, the financing terms will be bas...
I just secured an opportunity with my first private lender. I’m not sure if I would call him a private lender or a partner, maybe you guys can help me with that.My lender is willing to loan me 100% of cost. I am tryin...
Looking to scale my multi family portfolio. Starting flipping houses and using that property to acquire rentals. However, scaling by refinancing seems more appealing because I can have full control of the project: as ...