Sam White
2014 Mortgage Changes
Howdy BP members,
Introducing myself real quick: My name is Sam and I am a young investor. This is my first post in BP, although I have been a fly on the wall, observing for about a year.
I am looking ...
Evan O'Brien
10% Downpayment Vacation Home Loan
When purchasing a property with a 10% down payment vacation home loan with intentions to use as a short term rental is not being able to use the property as a rental for 12 months a typical requirement of a 10% down h...
Account Closed
Deed recorder- question about property title
Hi everyone, There's a lady that wants to sell me her house and after doing some research, I found out she's facing foreclosure. I noticed the deed was assigned from Fannie Mae to JP Morgan back in 2014. Foreclosure w...
Devin Fakner
Financing with HUGE Lending Problem
Hello Fellow Investors...
I've run into quite a large problem with a house I have under contract.
Situation: My wife and I recently purchased a house to move into in November. The loan was sold to another lender in...
Ted Strzelecki
Patience is key, but bid on both, and got...both
Hello BPers. I wanted to share my experience and wanted to know if anyone had something similar when they were either getting started or getting back into RE. So I am in no means an amateur in being a "buy and hold" i...
Sidra White
Buying out of state tips
Has anybody purchased in Jackson, Mississippi?I’m looking to buy my first rental, which would also be out of state for me. Interested in any information or tips on Jackson as well as Mississippi landlord laws. Thank y...
Kenny Dahill
Bank Refused My LLC Title Transfer
I recently received in the mail a notice that I am not allowed to transfer my primary home to my LLC. They mentioned restrictions due to Fannie Mae.I would be subject to termination if I do not transfer it back.Has a...
Chip Volke
Refi after hard money
If I purchase a property through my LLC using hard money, will a bank allow me to refinance through the LLC? I know banks do not usually approve financing for LLCs but I’m wondering if it’s any different for a refi. T...
Mark S.
HomePath Renovation Loan
So, I got my first property under contract!! 3 BR / 2.5BA, 1,248 sq. ft. townhouse. It's a Fannie Mae HomePath property (foreclosure). My agent asks me whether or not I'll be using the HomePath renovation mortga...
Austin Shandley
Refinancing property in LLC
I currently have a rental property I am wanting to refinance out of a variable 6.25% interest rate. Just got off the phone with my regular lender and was told this was not possible because it is in my LLC. Has anyone...