Here is an interesting bit of info I have not seen mentioned previously. For investment properties, you can have only up to 10 properties financed. However there is no limit when getting a mortgage for a primary re...
Hey BP Fam,
I've just secured an off market listing for a 10 acre residential development opportunity in Vallejo, CA (tertiary bedroom community to San Francisco and Napa). To those that have had experience in develo...
We just listed our first rehab property for rent on Oct 20 and have been receiving applicants who want to move in early Nov. I know this in itself can be a red flag. It's obviously tempting to move someone in and co...
Hi BP! Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?Are you legally allowed to use it to fix "wear &...
Great question! QM stands for a qualified mortgage. Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans).
QM Loans are usually...
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
I'm looking into buying my first rental property, it will be a single family home. I talked with a local bank and their only option is a 15/30 balloon mortgage. It’s a 30 year amortization, but has a balloon payment a...
I borrowed money from my mom to purchase a rental property. I would like to treat the loan as a home equity loan on my primary residence. Currently I pay her interest only payments and we have a very basic written a...
Hi,
I am wondering what the SEC and California state laws are regarding soliciting private money lenders for real estate investments - what disclosures, guidelines, etc need to be followed?
Thanks for any feedback...
Can you use the VA loan the buy multiple properties and have tenants live in them after the one year of owner occupied has passed?