Ryan Fox
insurance requirements for hard money
13 February 2024 | 7 replies
She would also review some existing policies for me when I was doing refinances or 2nd lien positions on existing rentals, and when my borrower didn't have a recommendation for an agent, I would refer them to her.
Milind Torney
Financing for investement property (newbie question)
14 February 2024 | 19 replies
A lot depends on your credit score as well, 780+ is top tier as far as pricing out conventional mortgages.
Tim Merritt
New Rookie in Tampa
15 February 2024 | 11 replies
I'm a Mortgage Loan Originator and my company has some great investor products.
William D.
Taking out a HELOC based off the ARV.
14 February 2024 | 1 reply
Mortgage BrokersEngaging with a mortgage broker can be beneficial.
Tyler Vanic
Daytona FL 1st deal using house hacking
15 February 2024 | 4 replies
However, it did pay for the mortgage portion.
Kent Collins
Owner Occupied Duplex homesteaded
14 February 2024 | 1 reply
As a mortgage underwriter with a focus on Texas property , I can tell you that Texas homestead exemption does offer significant protection for homeowners, including those owning an owner-occupied homesteaded duplex.
Matthew Masoud
Getting out of Mid-Term Rentals
15 February 2024 | 23 replies
That's why property managers exist.
Sri S.
Are Home Equity loans tax deductible if used to buy another investment property
14 February 2024 | 1 reply
Here’s how it works and the tax implications:Financing Options:HELOC: A line of credit that lets you borrow against the equity in Property A as needed.Cash-Out Refinance: Refinancing Property A for a higher amount than the current mortgage and taking the difference in cash.Home Equity Loan: A lump-sum loan that borrows against the equity in Property A, typically with a fixed interest rate.Tax Deductions:Interest Deductibility: The interest you pay on the loan (whether it's a HELOC, cash-out refinance, or home equity loan) used to purchase or improve Property B can be tax-deductible.
Alfredo Alfaro
Hard Money Lending
15 February 2024 | 8 replies
It’s most likely going to be the case that another hard money lender won’t assume the mortgage just to buy you more time to sell it.
Erick Armando Gonzalez
Seeking Insights from Experienced Realtors: Generating More Leads and Closing Deals
15 February 2024 | 4 replies
If you can do this, you will earn business on a consistent basis.This is all from watching and listening to realtors over the years and many of these points are things that I do for my mortgage business on a regular basis.I hope this helps and have a good one.