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I have a Client who wants to sell their home and buy another home outright, but she will be about $30k short. Their credit is shot and they cannot get approved for a traditional mortgage loan. It would be a 1st lien p...
We are out of state investors with two investment properties in NW Suburbs of Chicago. We want to expand our portfolio to two digits soon and wanted to figure out the best loan strategy. Currently we have traditional ...
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First of all, this site is a wealth of information and I'm really impressed with how helpful everyone is.Now to the question: I've found a property and negotiated a deal. Paying $55k for a house valued at $75k. No wor...
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Has anyone worked w/ a lender that offers asset-based STR financing w/ no points upfront and low or no prepayment penalties? No problem if it would require a 20%+ down payment and reserves. Sounds like it might be a l...
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I am currently attending the University of Tennessee and am 19 years old. I have a summer sales job and have the potential to make around 100k if I do well enough. Lets say I make 60k after taxes for this discussion. ...
My sister is selling her home in one state and moving to another. She has a contract to sell and closing is May 29. Let's assume it will close without pblms. She wants to try to find a new home and close on it ahead o...
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When it comes time to sell your home, you may be wondering whether you should traditionally sell your home or opt for a cash home buyer. There are certainly pros and cons to each method of selling a home. Ultimately, ...
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What strategies are you doing in this market? Warren Buffet is betting on the homebuilders, mainly DR Horton and then Lennar, what are your thoughts?
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I have a three unit buy and hold property in Malden Massachusetts that has a separate gas fuel forced hot water boiler for each unit. The boiler in unit 2 needs to be replaced. The state of Massachusetts offers 7 year...
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Hello!Just a question to see if this is doable... Is it possible to refinance a hard money loan into a traditional/DSCR 30 year loan if I don't have that much equity in the property? Not a cash-out refinance, just a g...