
16 October 2024 | 5 replies
Looking back, I can identify several key financial lessons that would have made a significant difference in my investment strategy.One of the pivotal moments for me was when I bought my first HUD foreclosure using my VA loan in 2011.

11 October 2024 | 8 replies
It wasn’t a huge payday—$5,000—but what I gained from the experience was far more valuable than the check.It started when I got a lead from an older woman who owned a house in New Hampshire but lived in Maine.

15 October 2024 | 9 replies
We provide financing for the purchase and rehab loan, and the refinance once rehab is complete.

15 October 2024 | 3 replies
@Ashley Madalone guessing you're asking what the tax ramifications of using pre-tax business funds to invest are.Not aware of a way to buy real estate and avoid paying taxes on the funds unless he'll use the real estate in his business.His tax professional will probably advise he take the funds out as a loan, at a market rate & payment terms.

15 October 2024 | 14 replies
Not to mention it could be a challenge to get traditional financing because even though you're debt free without a high enough paying job your debt to income may still not meet their criteria for a loan that large.

15 October 2024 | 6 replies
The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

17 October 2024 | 20 replies
I run across the word Seasoning” referencing loans.

17 October 2024 | 4 replies
Hello @Roberto Rohann,Some lenders do not run municipal searches so some of issues mentioned wouldn't affect your ability to obtain a loan for the property.

15 October 2024 | 4 replies
My situation: I have an FHA loan at about 5.5% and my understanding is that it usually makes sense to refi once rates are about .5% lower than your existing rate, which means I may need another .75 to 1% decrease in the rate.
15 October 2024 | 3 replies
They can get you access to conventional lending, and loans insuredunder CMHC (regular, as well as MLI select).