La'Terrius Campbell
Seller Kick Back Money
If the seller agreed to kick back $30k of there proceeds from the sell, for renovation cost on the property. Would you only need the Balloon Payment agreement signed to have the money kicked back automatically?
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Jason Wray
Mortgage Rates Take a Deep Dive!
This week the FED outshined expectations and instead of a .25 basis point reduction they cut it by .50% which is huge for home buyers! We are off to the races and it’s now or never to find a home and put in an offer....
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Adam Bradley
BRRRR - How long until I can ReFi?
I am looking to purchase a house for $50k that is worth $70k for cash. I understand that banks like a property to "season" for a year before they will refinance.What I do not understand is if this applies to:1. If you...
Andrew S.
Request a lower interest rate on current mortgage before refi
Hey BP, With the recent lower interest rates dropping, I'm considering doing a refi on my house hack duplex. I currently have a 30 yr @ 4.75% and am considering going to a 15 yr 3.25% with my local bank. I'm conside...
JDee Moore
Name on Deed
My wife and I recently got married but have been living together for the last 8 years. She purchased a house (FHA Loan) that we are currently paying a mortgage on. Her name is the only name on the Deed. We are tryin...
Shaun Reilly
Closing cost credit on an REO
Anyone that knows the actual REO department side of things with a bank might be able to answer this question for me.
I was bidding on an REO and had a small (less than 3%) closing cost credit in my offer. Af...
Derek T.
Concessions with offers
Just wondering if anyone asks for concessions on their offers. I came across one investor who said she always asks for closing help on her offers to decrease the initial out of pockets expenses. She also said she do...
Nicholas Meyer
Benefits of cash offers
Hi everyone, I am curious as to the benefit of making a cash offer on a property, most likely a multi-family. As someone who is new to REI, should I make cash offers if I can? I have successfully squirreled away a d...