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4 January 2025 | 14 replies
I have built up enough savings to purchase a multifamily property with an FHA (3.5% down) loan or Fannie mac (5% down) loan.
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2 January 2025 | 0 replies
It was great to get our heads in the game, and got us to move quicker to get a house (since we were basically forced to get a pre-approved loan in order to tour houses...).
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31 December 2024 | 0 replies
From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.
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20 December 2024 | 4 replies
@Drew Sygit Cool thanks I'll look into DSR loans!
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3 January 2025 | 6 replies
My Question is if i have a private investor loan me $70K for 5-7 years (his terms) at 12-15% (not compounded).
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7 January 2025 | 7 replies
Ideally they did not pay over retail because if they did they could easily lose the money they put into the property if the loan gets called.
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29 December 2024 | 6 replies
No back payments due, but there is a HUD loan for $7k from a previous forbearance.
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3 January 2025 | 3 replies
Private mortgage insurance i believe is not charged on va loans.
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8 January 2025 | 14 replies
You could always get lucky and the bank may never call in your loan.
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6 January 2025 | 11 replies
The advice I have received is that HELOC’s should be used for short term loans only with a definite plan to pay it off.