Michael Glaser
SBA EIDL Loan Terms | Is It Worth It For $25K+?
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
Joseph Ziolkowski
Wholesaler question for rehabbers
Hi all! This is a 2-part question. First, how many of you use wholesalers in your business? Secondly, how many of them help you find money to fund their deals to help you conserve your cash? Just a quick survey. It's ...
Art Maydan
Income Too High For 5% Down?
I’ve been having a hard time getting an offer accepted on a multi-unit using FHA financing, so I decided to switch to conventional 5% down. My lender told me: “In Cook County your combined income (you, your wife and r...
JoDaniel Vazquez
Why is it so difficult to get a contractor for repair costs!
So, guys! I got my inspection report and trying to get a contractor is extremely difficult to get in this market. So, I decided to google and hit some sites online that might give me estimates of everything on the ins...
Michael Dunn
HUD ..... Property Arraisal Repair question(s) ....
I found a house on the HUD website that I am interested in, and it does show that the house is IE ( Insured Escrow )Under the Property Arraisal Repair , it lists about ( $4,900 in repairs .... Replace damaged Exterio...
Alyssa Teepen
Cash out refinance clarification
I recently took out a HELOC on my primary mortgage and have used this to purchase a home for 32,000 with rehab cost of 150,000 and ARV of 220k. The goal, initially, was to sell this property, however we would really l...
Hyeseong Park
Need cash out refi but don't have a good balance in bank acc, what should I do?
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
Kayla C.
Amortization Schedule and Calculations
Hello All!I'm in the process of buying my first piece of real estate, and I'm aware that an amortization schedule/ calculator helps me find out how many years I can shorten my mortgage by making extra payments on the ...
John Yanko
Pre-approved tomorrow
I'm really trying to get the ball rolling on REI. I recently found an agent (thanks to BP & she's awesome) and asked where I should go to get pre-approved. She in turn referred me to a Wells Fargo lender. My ques...
John DeWitt
12 unit property funding
What do banks/lenders consider when someone wants to purchase a multi-unit rental? Is it based on tenant occupancy or additional factors?