Mike Ojo
How Soon Can One Refinance?
Hi,If I were to invest in a fixer-upper, say a budget of $150k to buy and fix. How soon would I be able to refinance the property post renovations? the BRRRR strategy advises to refinance after 12 months, but can you ...
Ian Hutton
Lending down payment/ introduction
Hi everyone! Exited to be apart of BP I’m from riverbank Ca, and am looking into out of state investing.
In April of 2023 I’ll be renting out my primary property, but I’ll also have 10k saved up for my first official...
Arthur Voskanyan
Home Equity Loans Qualifications
How much equity do you have to have in your home in order to be eligible for a home-equity loan? Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equit...
Brian Choi
Getting a second loan
Hello BP investors, I’m in the process of purchasing a first rental property. It is a new house and will be built in 10 months. So my loan will start in 10 months. In the mean time, I’m trying to buy a house to househ...
Colin Williams
No record of recorded mortgage with county
I am in the process of selling one of my homes. Come to find out that there is no recording of the deed with the county when I refinanced it in 2011. What exactly does that mean? What steps should I take next? The clo...
Jeremy Chaser
Is a conventional mortgage an option when I already have one?
Long interest in rental ownership, and I believe I live in a great area for investing in a duplex/triplex given the strong rental market.My concern is that I already have large mortgage on my primary residence. I make...
Account Closed
Condo under contract -Best lenders in Chicago
Hi everyone,I'm wondering if anyone knows any good lenders in the Chicagoland area? I'm currently working with USbank. Based on a 718 Fico score, 95 % and 45 day pricing, They are giving me a 4.125 % with a $ 500 cred...
Gordon Ray
Fannie & Freddie Refi Rates
https://www.cnbc.com/2020/08/13/mortgage-refinancing-more-expensive-as-fannie-mae-freddie-mac-raise-fees.html
How do y'all see this new fee affecting your deal analysis for your BRRRR investments?
Dan L.
Debt-to-income (DTI) ratio during COVID
Hello everyone!I've had a quick thought this morning about how debt-to-income ratio is currently being calculated.I am aware of the normal calculation but with all the student loan and mortgage forbearance we are curr...
Jackie F.
I want to become a Hard Money Lender in South Florida
Hello BP,I want to become a hard money lender in South Florida but want to meet local HML's and talk about the ins and outs.If you live in SoFla and would like a free lunch to share some of your thoughts please let me...