Allan Smith
2nd Lien Line of Credit on a Rental - Acceptable amount of fees?
I'm renewing my LOC on one of my rentals with a local community bank through their commercial banking dept. They want 1% origination points plus a bunch of other usual fees like title work. They already did the title ...
David Kieta
The Doom Loop in Chicago
"A “doom loop” therefore looms for Chicago and many other cities: Commercial leases don’t get renewed, leading to slashed commercial property tax valuations, forcing a higher tax burden on homes, reducing the value of...
Stephen Rinaldi
The cost of not buying.. the cost no one wants to admit
As an owner of a mortgage broker shop I hear it all... Im just going to wait until rates go down or prices are going to drop soon.. People dont get it, we have inventory shortage. There may be some events that may ...
John Baker
Hottest Philadelphia Section
Hello Everyone , In your opinion what is the best pocket of the city for a 40-50k profit on a flip? I’ve heard everyone talk about strawberry mansion however that pocket Of the city isn’t selling as quickly as other s...
Ben Morand
5-20 Unit "Sweet Spot" Properties
Hello BP community!So I currently have yet to purchase my first property, and I wanted to hear some opinions on my preferential strategy. After researching quite a bit, I have come across the niche in which investors ...
Judy Parker
Commercial Lending
Hi,
1. I make 40k a year, would I be qualified to get a commercial loan?
2. How is commercial loan different than personal loan?
3. I already own a house, mortgage is 1400 per month and someone is paying 1600 and I w...
Nathan Currier-Groh
Mixed Use - Need Help - Can I rent apartments as NON-Residential?
It is time to ask for some help making a new strategy for my mixed-use property.Background:I have a mixed use multi-family building in a commercial district zoned as Urban Mix. I've owned it for 7 years and it has not...
Travis Evenson
Debt to Income is too high
I am currently investing in CA and live in Texas and would like to start investing in OH. My issue is that my debt to income is too high to secure another conventional loan. I have a friend that will invest with me bu...
Hanyai Bungals
Commercial loan vs residential loan for a 4plex rental property
Hello, long time reader here.My business partner and I have discussed different real estate opportunities, and we have decided to go forward with purchasing a 4plex rental property for around 100-150k.We've spoken to ...
Chance Cooper
Starting a LLC
So I just put an offer on my third home we close next month, I will live in it for a year and then turn it into another rental property...This rental thing that I have created is starting to grow, so I think I may nee...