Andrew Patterson
5/1 ARM on investment property
Currently have two SFH rentals and looking to jump to multifamily. Second rental was purchased this year on a 30 yr fixed. Called the same lender and had a lengthy conversation about scaling up and etc. and requeste...
Fitz Jones
Agave Home Loans
HI BP community!
I am a new investor and have 0 investment properties. I am searching, analyzing, and all that fun stuff. I have reached out to a local lender and as you know once your information gets out there, the...
Andy Mirza
Collecting on PMI as a factor during bidding process
Anyone have experience collecting on PMI (mortgage insurance) with a non-performing note? Would love to hear the good and the bad.We kicked a loan out of the bidding process because the seller's price reflected a futu...
Brandon Gidicsin
Medical Office Building
Hi All: I wanted to share a deal I am working on. Myself and a few partners (GP Team) have identified a medical office building that checks most of the boxes. I know its not a super popular asset class. We have some e...
Joe Bruck
Arm's length transaction clarification
Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...
Caleb Childs
Cash-Out Refi or Conventional Loan
My fiancé and I are in the process of closing our first deal using private money. The property is a SFH and we are trying to decide whether to flip or use BRRRR Strategy...my question for BRRRR is if it would be best ...
Mike Nathan
HELOC in Ontario, Canada
Is there any lender would do HELOC without income verification in Ontario, Canada?
Manolo D.
Contractor loans
Hi BP, just trying to get my ducks in a row, so far, I have just broken ground to residential market. I am exposed to government and commercial tenant improvements or construction, where we are to perform then get pai...
Wryland Reed
Hard money lender for 1.1 million
I am doing my first investment project and have raised $150k. I looked at bank terms today and it looks like about $75k in interest after 2 months, origination, and other bank fees for a 1 year new construction loan o...
Ari S.
What do you think of line of credit against cashflow properties
Hi Everyone, I'm a landlord and recently wanted to pull some cash in order to do remodeling. The problem is banks are not lending at the moment and LTVs are limited.Do you think it's a good idea to get a credit line b...