Dwayne Austin
New agent/investor agent in Cincinnati with a story to tell...
8 March 2024 | 4 replies
The state paid about $35,000 down for us and our mortgage was about $820/month ($123k loan amortized over 30 years at 4.5%).
Rachel Murray
Turning my SFH to multifamily/apartment building
9 March 2024 | 6 replies
Also, do the math - does demoing your current house + paying off the current mortgage immediately, then getting a construction loan make sense?
Phedeline St Felix
Looking For Mentors and Partners For Building & Creating Affordable Housing
8 March 2024 | 1 reply
If you can find a vacant lot the bank includes the land cost into the loan so you save money in the long run.
Nolan Mahoney
DTI is too high after buying a house?
8 March 2024 | 9 replies
Hi Nolan - Have you explored DSCR loans?
Nancy Mills
Selling house and holding mortgage for LLC buyer
8 March 2024 | 6 replies
@Nancy MillsMake sure you have the person also sign a personal guarantee on the loan --- that's pretty normal.
Nick Giarratano
Cash out ReFi options?
8 March 2024 | 13 replies
However we have been having trouble finding a lender that is willing to allow us to get the full 80 percent loan to value in a refinance.
Kate Brown
SCAM Six Figure Land Flipper Kris Thomas
10 March 2024 | 20 replies
However, based on the loans they are telling people to get and the course time frame - that is heavily implied as doable.
Season Price
How does ground rent show up in purchase data?
8 March 2024 | 5 replies
I am seeing some delinquencies that show foreclosure, but the numbers don't make sense unless there is some sort of ground rent or non-mortgage loan tied up with the properties.
Chris Terborg
Hello Everyone New to BiggerPockets!!!!
8 March 2024 | 10 replies
Also, you may want to consider finding a home with an assumable loan if you haven't already purchased.
Amanda Feack
Unique situation - negative cash flow OK?
8 March 2024 | 6 replies
For example, years ago I refi'ed 3 loans into 2 --- so one property became free and clear.