All Forum Posts by: Brian Egger

Hey!

I just got an accepted offer on my first property (!) but already there's a curve ball thrown at me...

The occupancy inspector office will require that we add a full staircase, either wooden or metal, from the 3rd floor of a brick 3-unit where I'm buying in St Louis. I'm wondering if anyone has experience adding a fire escape to a similar property? I have 2 quotes - one for $6k and another for $40k, so hard to get a beat on it from that alone. This is purely to meet code, so small landing platforms, cheap materials...just utilitarian in nature.

Creative solutions or referrals are welcome. Thanks BP!

Hey!

I just got an accepted offer on my first property (!) but already there's a curve ball thrown at me...

The occupancy inspector office will require that we add a full staircase, either wooden or metal, from the 3rd floor of a brick 3-unit in south STL.  I'm wondering if anyone has experience adding a fire escape to a similar property in St Louis?  I have 2 quotes - one for $6k and another for $40k, so hard to get a beat on it from that alone.  This is purely to meet code, so small landing platforms, cheap materials...just utilitarian in nature.  

Creative solutions or referrals are welcome.  Thanks BP!  

Hey BP!

I'm about to make an offer on my first property! I have the option to borrow with a local bank (slightly better rates) or a nat'l bank. I plan to borrowing using a HELOC in the near future. My question is:

Would having a loan through a local bank in one state (Missouri) have a hindrance on using something like a HELOC in another state (Tennessee)? Would it benefit me to use a nat'l bank in this case?

Thanks in advance for your help, as always!

Brian

Good stuff, thanks @Jack Medford

Thanks to everyone for taking the time to reply!  @Jack Medford was this recently you received this loan?  And was it for a multi-family investment property?  Thanks!

Hi Milwaukee!

I'm a first-time, OOS investor looking at duplexes in town. I've found a couple strong deals, but haven't found a lender that will offer me under 25% down. I understand this is the norm, but is there any way to get a lower down payment than 25%?!

Thanks in advance BP!