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I am new to really being able to analyzing different loan products and finding the best lender but this lender was recommended from other investors and property managers. I am under contract on a 3 flat and the loan w...
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I’m not sure where to post this, but has anyone had original post threads deleted? Bigger Pockets states that they do not remove posts. There have been two instances where the original thread is gone. One recent threa...
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Hey all,Looking at 2 potential investment properties and trying to evaluate some of the criteria a lender would use to underwrite me. As a starting point, i have a mortgage on my primary residence. The first house i c...
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Because of the new Dodd Frank laws if you do 3 or more owner finance properties in a year it is required that you get a Loan Originator to qualify the loan. Does anyone know where I can find a Loan Originator in the H...
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Hello,
If I originate a loan (hard money residential - not for owner occupied dwellings) and then sell the loans to the open market, do I need a separate license? Am I a broker if I'm selling my own loans that I ori...
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Wondering if it’s normal for lenders to ask for a loan origination fee of approx. $1200. What is the usual ways you deal with this transaction? I suggested giving the funds to an attorney in trust and releasing them a...
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Calling all underdog RE investors.If you got into real estate because you were an engineer, lawyer, doctor, or otherwise have large amounts of discretionary income, that's cool, but I want to hear from the unlikely he...
Hey Everyone,I recently made a commitment to get into real estate investing using the buy and hold strategy for renters, so i've been reading BiggerPocket's "the book on rental property investing" and I feel like I ha...
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Is it common, when dealing with private money lenders, to have an "Origination fee"? How do you know that it isn't a scam? Does anyone recommend a private money lender for a rookie to real estate investing? I curre...
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Ok, so I suppose that this is an unconventional question and most likely doesn't have a clear cut answer but I will ask it anyways. To make it simple suppose you purchase a property all cash with an initial 8% CAP rat...