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Results (10,000+)
Carolina Servigna BRRR book done, what's next?
26 May 2021 | 11 replies
If it doesn't appraise significantly higher, it might still be a solid investment - it's just not a BRRRR
Dan Thomas Property management in way Northern NH
30 May 2021 | 1 reply
I feel like they must exist but I can't seem to find any solid leads with a 10 minute Google search.
Cristian Vences Starting out - Houston Househack
30 May 2021 | 6 replies
Looks like you'll have a solid rental once you move out and do it again!
Sean Yang Escalation Clause -- Does Expired Competing Offer Count?
27 May 2021 | 5 replies
If your escalation offer was still a solid offer which I hope it was since you offered it, don’t get caught up in the mud on something like 2 days.
Christopher Craft Struggles with lending
25 May 2021 | 2 replies
I have a few duplexes picked out for possible purchase, solid credit score, and the down payment ready in hand eager to make a deal.
Christopher Craft First time lending struggles
25 May 2021 | 3 replies
I have a few duplexes picked out for possible purchase, solid credit score, and the down payment ready in hand eager to make a deal.
Nathan James Im looking for a great Home Inspector!
26 May 2021 | 13 replies
I'm an investor in the Virginia Beach area looking for a solid inspector.
Matt Wells Does using a portfolio line of credit affect DTI ratio?
27 May 2021 | 9 replies
If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower
Ihor Kucheynyk Interest rate 3.62% with 2 points
24 August 2021 | 8 replies
@Ihor KucheynykIt wouldn't hurt to shop, and I wouldn't mind speaking with you, but that is pretty solid in today's market.
Ralph Noack Too much money from the money lender/investor
29 May 2021 | 6 replies
is also an interesting question, however, I'm here looking for solid help, not entertainment.)I'll need to come up with something by Monday.