Devin Fakner
Lending Options for Beach House in Galveston TX
Good Morning!I am in search for a lender for a property on the coast of Galveston. My situation (recapped below) is somewhat unique and disqualifies me from most lenders for the time being:- Approximately $250k in ann...
Wade G
Running a credit score on a borrower
When doing a credit check on someone that I am offering seller financing to, will using one of the numerous sites that are used to do tenant background checks suffice? Or do I need to use a different site to get a mor...
Christopher Holba
New Investor Lending
Hi
I am a new real estate investor looking for lending on a SFH in Greenville, NC (East Carolina University). I have a surplus of reserves to cover a 20% down payment, repairs, and enough to cover potential vacancies...
Victoria S.
Questionable tenant application
We just bought a duplex. One side came with a long term tenant. The other side is vacant. We just had a 60 y/o retired applicant, her son (in his 30s) and grandson apply. The income is 3x the rent. however the retiree...
Robert Vel
morgage loan problems?
I work a job off the books and don't qualify for loan. I have a good credit score but I can't get a loan because of a proof income. How do I get a loan?
Mohamed Saed
what would you do if you were in my shoe?
Hi folks! So I am new to the states; about a year now, I came with little to no money. All that I have in saving was $6000. I hustled ( i am a full stack developer ) I develop apps for a living, it's hard to get a job...
Paul Martin
Need some advice on where to put cash
I have 280K that I am wiling to invest. I've done well in the past with rental condos. I have 125K equity in my home. High 800s credit score. Thinking of a heloc loan... that way i dont have to use my money.Also think...
Donald S.
Using conventional mortgage as purchase loan on BRRR?
I saw a post yesterday where a guy used a conventional loan to do the purchase half and refi half of the BRRRR strategy. I'm wondering the pros and cons of this vs using private/hard money loans? For cons I can only t...
Chad Mayo
Looking for Bank to Refi my BRRRR Property
Currently renovating my first BRRRR property and looking for a bank that will let me cash out 75% LTV without a 6 month seasoning period...anyone have someone I could use? I'm getting no's everywhere. (some national, ...
Michael Cote
How does a HELOC effect a deed with multiple people on the deed?
If my sister, my brother, and I are all on a deed to a property. What happens if one of us takes out a HELOC on the property? Do they have get the approval from the other two people to even get the HELOC? How will it ...