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We bought a property the end of last year that needed more work than we realized, so we started gathering estimates for rehabbing the property. Anyways, we had someone make an offer on our property that would get us o...
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We are looking into a 60 unit project. Our commercial lender typically offers a max amortization of 25 yrs. Would you recommend we make connections with a longer term lender that can offer a 30 yr amort? Overall purch...
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Tried a local direct money lender, who ran my perfect credit report, and now they won't return my calls.
also tried lendingone.com, and they are currently frozen. This is my first investment deal. Anyone know of an...
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I have been asked to make a loan with a 3 year balloon. The borrower who is in real estate characterizes the purchase as a "live in flip." Nevertheless he and his wife would be living in the home. I had a concern a...
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When lender says, "For FHA loans, there's a 1.75% upfront MI (usually added to loan amount) and 0.85% monthly MI" What does that mean???For example, if the property is worth $559k, $200k down, and $359k loan would fol...
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Hi all,
I happily own a house in West Philadelphia, an area going through amazing change for the last couple years.
As I start looking again for another house, I heard about tax lien certificates at a seminar recent...
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Greetings,
Could someone help me with the following:
I'm taking a home study short sale course and I have never bought a home before so I don't know anything about the buying process. I started a little backwards. A...
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okay so I am planning to purchase a investment property with a FHA loan the property is being auctioned by the court house it sold for 260,000 in 2007 right now listed at 175,000 for sale. My question is if I purchase...
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Hello BP,I just bought my first investment property and am learning a lot of tips and tricks because of you all, so thank you very much!What are the best improvements i can make to a rental property that i can write o...
Within the last year we replaced all of the siding on our home along with the windows and all exterior trim. Prior to the beginning of the project we submitted all changes to HOA (siding color change, removal of shutt...