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Keep in mind that this is second hand, so some of the details might be off, but here's my understanding of the situation. One of my client's loans was sold to another provider, who didn't do a good job reaching out to...
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The situationHouse is rented for $2,200/month. Property is currently in a bridge loan ($2,200/mo). Rehab took much longer than intended for various reasons numbers quit working as interest rates went up. I'm self empl...
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Any suggestions for applying for a HELOC when I am responsible for the mortgage (VA loan) and my LLC owns the deed. I will be purchasing an apartment as an investment / rental property.
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Team, I have a note that is reperforming and now seasoned and I am going to sell it. The borrower is way behind on her property taxes and is not in a financial position to pay them. My question is: do I pay all the p...
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I posted this in another section of the forums, but I'm not sure if it was the right place, so I'm posting it here again:
I spoke with local bank today, and after offering me a 3/3 ARM with 15% down to which...
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In a prior discussion, a number of BP members recommended that I start with a FHA loan. I plan to purchase a duplex or quad in the coming year, and originally thought to save 20% for a down payment. But a good deal of...
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Need advice on a single family rental. My parents bought the hime for 57k. My father and I completed a full remodel. He now has 70k in it. I helped him get it rented- 1200/ month.My parents have decided to offer the h...
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Hi I'm 22 recent graduate, just started my career as an accountant, credit is in the 715-730s, no student loan. Is it possible to get 100% loan finance for an investment property, if so how do I go about it?
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I am hitting a wall with Portfolio Lenders in Massachusetts. Although their loans are in-house they follow the Fannie Mae guidelines and the one I can not overcome presently is ... 2 years of self employed income h...
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Hey guys, I am new to BP, but am very impressed with the amount of experience and knowledge on this forum and its members. I need some financial advice.I have 2 Rental properties where I am owner occupant of one of th...