Hey BP!Can someone explain to me what a Freddie Mac/Fannie Mae loan is? I own some multifamily property but all my loans are through a local bank. I guess I'm just wondering what these type of loans consist of? Down p...
I am looking to purchase a single family home in the Charlotte area as an investment. I was told by one person that Denver, NC (just north) is growing and would be a good place to look. But, the population of Denver, ...
I have a couple clients purchasing new builds in the Myrtle Beach area for rental, and I thought I'd share a few observations. First, they were both able to take advantage of year-end incentives through the builders ...
Investors are finding it difficult to keep up with interest rates and the lending market.
Residential (Single Family and Multifam up to 4 units) - On average, we are seeing rates 0.75% higher than owner-occupied loan...
Hello,
I was made aware that there is a product called a SOFR DSCR refi... it's an adjustable rate refi. Can anyone with experience w/ these types of loans comment on: pro, cons, experience and lender used.
thanks
Hi folks. New to the site and new to real estate investing (although I just finished with The Book on Rental Property Investing).My uncle (age 57) and I (age 48) want to start investing in residential single-family r...
Hello Everyone,I live in the Apopka Area, I have been working in Orlando /Central Florida Area for several years in Property Management because the company I currently work for is small, and is a Freddie Mac REO Spe...
Has anyone been successful obtaining a mortgage from a traditional lender without having a credit score? I have heard some lenders use manual underwriting if a borrower has no credit. (Note: I am not referring to bad ...
So I talked to Us Bank and they said that they put the package together for me and that I have to become an approved investor. The guy said he does his "due diligence" and if I am approved to buy from them, he will s...
Hi,Just wanted to share my last transaction, in case it helps anyone. I bought a house in one of the older parts of town for $77K with a Conventional loan that required 5% down payment, with a mo thly pmt of $760.The ...