All Forum Posts by: Ralph Ace

I spoke to a loan officer and he told me I can only get one HELOC loan on primary residence

He said I can't get one on investment property which was my plan.

I wanted to get second opinion and see if this is true or not.

If it's not true are there trusted lenders that do HELOC for investment property.

I want to purchase an investment condo for $150,000.

I want to get Heloc loan from my other investment condo for $50,000 and use it as downtown payment for this condo.

Can I get a 30 year fixed conventional loan for $100,000 and use $50,000 for down payment from heloc?

I also want to combine it to one $150k  30 year fixed loan instead of having two separate  $100k and $50k loans 

what options do I have can anyone help.

I don't want to use my own money.

No specific area. I live in Illinois. That is great info. Thank you matt

I had a quick question on how unincorporated areas formed.

Why these areas where not part of a municipality to begin with.

I have a client that wants to break a wall between 2 bedrooms to have 1 larger bedroom.

There are total 4 bedrooms and client wants 3 bedrooms total on listing.  

If there was no permit obtained for the project should the listing say 3 bedrooms or 4 bedrooms?

I had closing on April 11th and 1st payment not due to June 1st.

Is there a reason I need to wait over 1 month and 2 weeks to make my first mortgage payment.

Thank you

Im new real estate agent.

Am I allowed to post real estate video ads in my local town to get new listings.  

The video would have brokerage information and provide selling trends in local market. 

I bought a small one bedroom/one bath condo with tenant in suburbs of Chicago. 

All I have to do is collect the rent every month.  

I got a regular conventional 30 year fixed loan with 25% downpayment with 6.99% rate.

Can I purchase another condo with the same loan setup right away or need to wait x amount of time?

I'm showing a listing that says fireplace is both wood burning and gas starter.

Can it be both?