Greetings BP Mates,I'm closing on my 5th SFH and intend to buy a 6th soon, but this pesky thing called the debt-to-income (DtI) ratio is starting to get a little high for conventional loans. I started investing early ...
Hello BP community,I'm looking to enter the commercial multi family property market before the interest rates go out of hands. Being new to commercial (5+ unit), I wanted to get your advice based on your experience in...
I have a 7 unit property in Broward County, Florida that I would like to do a cash out refinance. I'm seeking a ~$500,000 (70-80% LTV) loan and have contacted B2R but I don't fall within their loan amount parameters o...
Hi everyone, I'm curious if there is a restriction with mixed-use properties that the commercial element must be used solely for commercial purposes or if it could be used for residential as well?Eg: A property with s...
I'm about to put a property on the market. Owner is willling to finance. What is the going rate for seller financing? I was thinking 25k+ down, note at 10%. Does that sound pretty fair? I'll be asking 127.5K. for th...
So I've been purchasing homes for a few years and I have used conventional loans for all. At this point I have 8 and am about to close on 4 more in another 2 months. However, because these 4 will put me over the 10,...
Hi! I'm looking for a knowledgeable commercial real estate agent in Hampton Roads area who will help us find great multifamily properties- fourplexes and above- that we can buy and rent out. We already own and rent ou...
Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...
I know that commercial lending works different that residential mortgages, but my question is more about what these lending institutions are looking at when they are making their decisions.
1. When crunching ...
Hey gang,
So I was wondering about the process for making offers on Multi-Family apartments.
I've had experience with purchasing small office and 1-4 unit properties in past.
I was wondering wh...