Can someone please advise, when looking for a mortgage company is it wise to submit your financial documents To multiple mortgage companies at one time? Also it is my understanding that by submitting to multiple compa...
Hello,I am currently looking into buying my first investment property (potentially small multi-family). I have bought my Primary Residence and another 82 acre land purchase thru a local bank in which i have gained a p...
I talked with a lender today who doesn't do 203k but instead does construction loans. I'm curious as to what the advantages are over using a construction loan is versus the 203k. What I got out of the conversation...
I own a rental property here in California with a good amount of equity. I wanted to do a Cash out to pay down some debt and use some to look at options for buying another property. I have good W-2 income around $190k...
I am a little skeptical on using this lender for a property I found. They are willing to finance 100% of the purchase price (35k). Is that unheard of? All iv had to do was give them a form of ID, tell them how much I...
An agent wants to charge a 30,000 finders fee on a $250,000 property. That sounds really high. Is that normal?
When applying for a hard money loan is it typical for someone to ask for a small fee upfront? I received the below email after submitting an application to a hard money lender:
"There are no upfront fees, but there is...
Hello All,
I'm new to BP and am using this site as source to educate myself about REI. My strategy is to rehab, buy and hold. I've found a few companies that offer 5 year interest only rental property progr...
Hi,
I have always been a cash buyer and this is the first time I am looking at a lender for a deal. I am trying to decided the differences and especially the interest & expenses associated with the different type...