Hi BP folks!I want advice on a lender that I might be working with. She's not asking for any upfront fees, but she does ask for a due diligence fee of upto $75,000 that is held in a escrow account in NY. She is asking...
Hello all. I have an opportunity to purchase a house from my friend's cousin for the current amount owed on the loan. She currently has ARM finincing, and is about to lose the house because her mortgage is about to ju...
Besides a heloc, what other unorthodox ways have you been able to front money or finance a renovation or adu?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...
Hi All,I am beginning to research commercial multi families to invest in in NYC. I am wondering how much information you can garner from the listings (I have been using LoopNet) and at what point do you inquire furthe...
I've got an interesting short sale going with M&T Bank. I'm wondering if anybody has had any experience with them?
The loan was a construction loan and the amt is 460K. The borrower hasnt made a payment since M...
I was wondering if all private and HML in IL charge points?
Hi All,I'm back to investigating my owner-occupied quad-plex plan in Houston. I really want to try buying a fourplex with a FHA/203K loan but I don't know much about it. Are there loan limits for a 203k loan? What kin...
i currently own several 3 family rental properties in newark new jersey my average value is $355,000 i have some worth more and some worth less but im looking to sell these with $30,000 down and carry a wrap around of...