Julian Buick
Non Performing 2nds
Just read an article about the Supreme Court rejecting 2nd lien stripping in Chapter 7 bankruptcies. Was wondering how that will affect the resale value on non performing 2nds.http://www.housingwire.com/articles/34051...
Bruce Larison
FIRST FLIP FOR A "NEWBEE"
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $105,000
Cash invested: $25,000
Sale price: $179,000
3 bedroom/2.5 bath, new kitchen, tile kitchen, entryway, b...
Dennis Suratna
Negotiating on price of short sale
I am just wondering whether it makes sense for a buyer to give an offer less than the price posted. Based on my understanding of short sale, the posted price is lower than the value of the property when it was pur...
Eric O.
Consolidate consumer debt into HELOC to lower DTI?
My wife and I have the opportunity to keep our current home and rent it out while we purchase a new primary residence. Keeping our current home and converting it to a rental would be our 4th rental. It'd cash flow abo...
Blake Hrabal
Vetting lenders without hurting credit
Hey BP. I'm in the process of vetting lenders who can help me get started on my REI journey getting my first property/mortgage.Obviously, before I can buy I need to know what I'm pre-qualified to afford. But I want to...
Chukwudi Motanya
HELOCs for Investment Properties for SFH in GA
Hi All,
I am an investor in the Atlanta GA area with 8 SFH properties that have some equity in them that I would want to utilize with a HELOC. My properties all have 1st mortgages but trying to find a way to get a HE...
Aretha Phillips
DTIR -Commercial Loan Included?
Can a conventional mortgage lender include a commercial mortgage that is in a LLC towards DTIR? Can they also ask for receipts of who a large withdrawal went to and where a payment came from for a HELOC?
Elicia Fields
Local banks and lenders in Jacksonville
Hello all!I am new to BP and new to real estate investing. I have one investment property so far but I'm looking to expand my portfolio significantly within the next several years. Today, I attempted to put in an offe...
Champaigne Shyne
House Hacking With Multi-Unit Using FHA Loan
Hi Everyone!So I have been wanting to buy my first property while generating income for the longest. I worked hard over the last 5 months to get my credit score to 753, pay off student loans, increase my credit line t...
Yocheved Beer
Is there an response to this concern on a subject to purchase
Hi all,
I made an offer on a house subject to and it got rejected because the seller is nervous that if i dont pay then they will get foreclosed on.
Is there something called a performance deed that would deed the p...