Jose Guevarra
Memphis Seller Finance
I have a potential seller finance deal in Memphis, TN zipcode 38128. The home has already been rehabbed and rent ready. I'm assuming 7% of rent as property management fee. That seem reasonable?ARV: $68,000Purchase P...
Jason Fraser
Offer structure advice needed
I wanted to pick the BP community brain to see how would structure a deal.I have seller with a FSBO. Vacant.ARV $325kAsking for $60kOwes $230kMonthly mortgage $1300Wants $10k for immediate needsRepairs will probably...
Quincy Jones
Can’t seem to find financing as new investor.
I read all these articles and videos where ppl swear up and down you can get financing as a new investor with low down payments or dscr loans etc. but I’m finding they all have road block catches. Not sure how anyone ...
Colten Thiel
Owner Financing and how to afford renovations?
OK, so here it is. I recently came across a 5 unit property for sale, a tri-plex and duplex being sold together on the same lot. 1st question, in terms of conventional financing could I consider the buildings seperate...
John Marlin
How to convince seller to owner finance duplex?
Hey BP peers! I'm an experienced investor in single-family houses, looking to get into multi-family next. I recently met an investor who informed me he'll be looking to sell a couple duplexes and a triplex in the next...
Jerrell Slay
obtain financing
hi everyone, today I seen a fourplex for sale for 250,000 dollars. I'm wondering what is the best way to obtain financing when you have bad credit. I've heard a lot about using other peoples money but how does that wo...
Michael Simmons
First investment property-10% down?
I'm buying my first rental property. Actually, my first home period. I'm told I have to put 10% down since it's an investment property. Is this true? What other options do I have? I have the cash and I'm definate...
Jimmy H.
Getting permanent financing for REO apartment
I am looking at purchasing a 72 unit apartment REO in my area. The bank is currently offering 20% down, 300 basis over prime with a 6.75% floor on a 20 year amortization and a 5 year balloon. Apartment is currently 75...
Scott Schaecher
Structuring conventional financing with a 50/50 business partner?
Hey BP community! Question regarding conventional financing when a business partner is involved. I have several SF's, and my brother does as well. We are looking to partner together on some 2-4 multi-family units, but...
Ian Sara
W-2 vs Non W-2 Conventional Loan Financing
Hey All,Is someone able to highlight the main differences or challenges between financing an investment property with a conventional loan with W-2 income vs non W-2? My wife owns her own business but is technically a...