This is a 6-plex deal I found, it’s rehabbed, fully rented, numbers make a lot of sense but I can’t get a loan... Everywhere I looked so far Commercial Loans that involve 5 units or more won’t even entertain the idea ...
Hi all - I'm trying to buy a place in Queens, NY. I'm co-buying with a partner and this will be an investment property that we'll rent out. The bank I normally work with says they can get us a loan for 25% down and 4....
Hello, How does a delayed financing work and how is it different than using a hard money lender from the start of the deal?I have done just about 4 flips so far and the idea is to be able to leverage the cash at hand....
We're looking to purchase for a family investment portfolio a small, multi-tennant commercial office building in the NorthEast Ohio area. Just starting the search for financing. This may be smaller than most commerci...
Hi I would like to access my primary home's equity to purchase investment property. I can't provide income docs, DTI is also not going to work in traditional way. What option do I have? Thanks
Hey all,Could anyone offer any advice for this scenario?Primary residence: Owed $6k @ 3.85% worth $515k HELOC against primary: $277k @ 4.0% variable, interest only. Repayment period starts August 2018.Rental 1 (purcha...
hello. I am new to BP. I had a unique situation come up and wanted to see if anyone had any ideas. Last June, my wife and I put down some money to build a town home for us to live in. We got the nicer upgrades because...
What is quote un quote a good loan situation from a hard money lender trying not to get into a bad situation just to fix a property with no profit at the end of the deal not specifically the amount but just the terms ...
Hey all,Just wanted to get some feedback on a possibility with a current situation I'm in with the condo I'm living in and the arrangement I have with my parents.I currently co-own with my parents (tenants in common) ...
What is the process involved when using a rehab loan?Situation: I Only have equity in my primary home to utilize a HELOC. I just don't have the cash for a down payment on an investment property.My solution: Fix and Fl...