Olivia Delarco
HELOC
Hello,I would like to get a HELOC on my primary home, but I currently have it rented. I also have a 2nd house rented. Both of these houses are paid off. Last year, I closed my business because I was losing money. I...
Bryan O.
Fannie Mae Cash Out Refi for 5-10 Units. New regulations?
I spoke to a lender yesterday and they said that there are new rules on cash-out refinances for the 5th through 10th property in Fannie Mae. As explained to me, it basically means that you can't do the typical process...
Micah Redden
Qualify the property or the lead first?
Hey Guys,When you receive VM's as a result of a direct mail marketing campaign do you qualify the lead by calling them back or do you do some cursory research of the property before returning the call? Trying to esta...
Tony Stewart
New Member from Reynoldsburg (Columbus) Ohio
Hello Winners!I an a new member to BP. I am not new to Real Estate Investing, although I have been away from it (except from some buy and hold properties) for the last several years. I am using the immersion approa...
Leo Hunter
VA home loans and LLC
Hello BP,I am fresh into the real estate game ( about 8 days old) and I am hoping someone has an answer.I qualify for the veterans home loan in NYC. I am trying to set up an LLC and have it purchase the multifamily ho...
Janis McCarter
Security Deposit
Must the Security Deposit be placed in a bank in the State (FL) in which the rental is? In Florida?
Matt Tallent
Debt to income issue
Hello all,This real estate issue of the week:My current status -I own one rental that cash flows 450/month. -My primary residence I own and split the payment with my spouse.-looking to buy another rental for 15% down....
Mike R.
valuation of a 2-4 unit property -- do rents count at all?
Hi all,I know residential properties are valued using comparable sales. But do rents come into play at all? Say you have two triplexes that are identical in most every respect, except one rents for $500 per unit and t...
Tyler Nuss
FHA Loan - Renting out in first year?
Hi there!I'm considering purchasing a primary residence in San Diego. I currently live and work in the Bay Area. My thought was to purchase, rent out for a year or so, and then ultimately move down to live in it.Do I ...
Pete Fiannaca
Cash Out Refi: Not Waiting 6 months?
Hey Everyone,
Quick question for the masses. Anyone know if this 6-month "seasoning" process for a cash out refi on a 1-unit investment property is a fannie/freddie mandate, and if not, can anyone refer me to a lende...