Jeremy Gonzalez
How to use the equity in a secondary/vacation property?
Hey BP community! I'm wondering what to do with the equity I have built up in my secondary/vacation property?According to the realtor I work with it can be listed for 150k and I currently owe 48k. With my awesome ma...
Stephen S.
Duplex with common-utilities ?
Let's start by assuming that I have a duplex with utilities which cannot be separated. So separating the utilities is not an option in this case.How can I handle the utility costs?I can add secondary meters and then ...
Olga Burninova
Banks requested 15% down for 3-units. Is that a Fannie Mae voilation?
Hello!I'm looking for guidance/advice. I've applied for a conventional loan: 3 units, owner occupied, NJ, 5% down.I have enough W2 income to cover the loan and additionally, there are two units rented already. Several...
John Slipski
Duplex under contract
Hi all,
I am in need of some advice. I have a duplex under contract in a great neighborhood in Boardman Ohio. It has some differed maintenance but is fully rented. Both units are 3 bed 1 bath and each has its own seg...
Mike C.
Lender Rules Re Mortgage-to-Income Ratio For Investors?
If lender's maximum desired ratio for borrower's mortgage payments to gross monthly income is 28%, how can a person with average income ever have a mortgage on more than one "average" property?Income from investment p...
Kimothy Bynum
How to tell if a hard money lender/ private money lender is legit
Hey guys I’m looking at private money and hard money lenders. I was referred to a lender and the terms look really good? How can I tell if they are legit tho I see their LLC is registered. But anything else I need to ...
Jane Kai
Refinance or Home Equity Loan?
I own 2 homes. Primary- bought for $200k and have $150K left to pay.
Secondary- bought for $140k and have $100k left to pay.
Goal is to lower the interest rates on the primary or both preferably. Is it best to refi...
Zachary C.
Loan Payoff Efficiency
So, let’s say I am considering the topic and idea of the prioritization of paying off loans.To me, it only makes sense to consider the principle of the question for the initial prioritized list. I believe that conside...
Robert Frazier
Has anybody used NFT's or digishares.io to fundraise?
I'm looking at using an NFT provider to manage investor admin for our 2nd real estate fund. Has anybody done this? Has anyone whitelabeled digishares.io? What did you think? Cost?
Bob Asad
Would You Still Buy SFH If It Lost You Money MoM?
Let's say you put 15% down on an investment property (2nd SFH, New Construction) and with property taxes, homeowner's insurance, and PMI the monthly mortgage is $4,300However, in the market (location), most of the ren...