Dele Ola
Residential Mortgage Loan Originator(RMLO)
I am in a process of doing Owner Financing in the state of Alabama. Was wondering whether i can get any information about Residential Loan Originator for all the states in the Country especial for the state of Alabama...
David Simpson
Origination fee... real or fake?
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...
Andy V.
licensed, certified mortgage loan originator
I have been contemplating investing in the mobile home industry (units, not parks) to compliment my SFR investing. However, the more I dig into it the scarier it seems, largely due to my wanting to sell on terms to t...
Michael Haas
"PostCard" 1904 Craftsman, original charm
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $552,000
1904 Craftsman on a street that dead ends into a park, right next to the future light rail station. At 1200 sq...
Michael Haas
"PostCard" 1904 Craftsman, original charm
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $552,000
1904 Craftsman on a street that dead ends into a park, right next to the future light rail station. Will need ...
Jimmy S.
2 original leases or copy?
I always do 2 original copy's of the lease so landlord and tenant have 1 original each.
If there is only 1 original who would get the copy of the lease? How do other landlords do it?
2 originals or 1 or...
Matt Inouye
Can I originate a reverse mortgage?
Hello BP
I know there are rules pertaining to originating notes (quantity/frequency) with Dodd-Frank. I was wondering if there were similar rules to being able to originate a reverse mortgage. if the answer is “ye...
David Weintraub
Advice on Loan Origination Software (LOS)?
My company uses Calyx because we began as a conventional firm (still are), but we're looking for something a bit more nimble, with better functionality. We're trying out another new platform currently, but no one is ...
Juan Munoz
New Member - Denver (originally from Houston)
Hi everyone! I am new to the BP community and I have been living in Denver for almost 1.5 years but originally from Houston, TX but also have lived in Seattle for 3.5 years after college. I am excited to be here and ...
Lyle Cooper
Deducting Points paid on loan origination
I bought a small building in 2017. I bought my mortgage interest down by 0.75%. It costs me $25,000 (Points paid). I have no income in 2017. Can I defer when I write deduct the points paid? Or am i forced to am...