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19 June 2018 | 16 replies
I used deal # 2 as collateral with my bank to secure the loan and 3k out of pocket to purchase this unit.
14 June 2018 | 2 replies
If so then I would look into 2-4 unit multifamily and get a 203k loan, this allows for minimum down payment and you can buy really messed up homes and use the banks money to fix it.
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16 June 2018 | 18 replies
The platform is associated with major U.S. banks so most tenants have access to it through their checking accts.
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14 June 2018 | 5 replies
Our bank said it can sometimes take up to 10 days to show up.
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15 June 2018 | 4 replies
Some immediate sources are personal funds, community banks, friends and family, hard money lenders, crowdfunding, etc.4.
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27 June 2018 | 5 replies
Im very new to loan and bank language, so forgive me.
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4 July 2018 | 3 replies
From talking to someone who also is fairly new in this field, I found that all major banks he went to told him they didn't offer Cash-out refinances on rental property.Does RBFCU offer CORE-Fi on investment properties?
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14 June 2018 | 1 reply
Here is the story:I have 90K cashI'm looking to buy an investment property for cash flowMy credit score is great (above 800)I don't have any debtIt's the first house I'm buying Trying to get a mortgageThe problem: my income is low, 25K a year.In this conditions the banks wouldn't give me a mortgage since they say that my income minus my current rent and other expenses doesn't leave me any cash for a mortgage payment even that I would be renting out the property I'm buying and that would cover the mortgage.Any ideas how to get a mortgage with those numbers assuming I'm not going for primary house?
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18 June 2018 | 3 replies
Purchase price: $175,000Recent bank Appraisal: $230,00It now rents for $1150 a unit.
14 June 2018 | 8 replies
For the last 8 years, I have been working in banking.