Joshua Feasel
Funding first deal with mortgage
Want to know some honest option about getting a mortgage for the first deal. I have heard it all the time that people uses private money lender, hard money lender, partners for funding a deal. But never really heard p...
Roberta Marcos Marcos
Paying for Points vs. higher Interest rate
HI all,
Anyone out there have a strategy they use to determine whether you should pay points to get lower interest rate but pay more up front in closing costs.
The rationale i have been using is this:
*if my pay...
Ron K.
When might someone assume my Fannie Mae Small Balance Loan?
Hi all,I refinanced a multifamily in September of 2019 with a Fannie Mae Small Balance Loan. All along, it looked like the rate would be about 3.75%, but I was told I couldn't lock. Then right at closing, I was told,...
Don Konipol
Another Jimmy Napier High Yield Note Creation Technique
I’ve used this one a few times, but not as often as I probably could have. It works best nowadays with commercial property that has assumable mortgages. It goes something like this.
You find a commercial property f...
Skylar Como
Assumable mortgage? How does that even work? 203k?
Hi!So Ive been banging my head against the wall for months trying to figure out how to obtain my first investment property.Looking for owner occupied.If FHA, I understand mortgage may be assumable. Just an example, If...
Grant Huckestein
Assumable Mortgage Question
I have a question around a house I am trying to buy on an assumable mortgage. The homeowner owes 360k on the house at a 2.7% interest rate. They have it listed on the mls for 400k. They also are behind 9k in arrears r...
Steven Weiss
Tips / Ideas On What to Do With Equity
Hi All,I've been seeing quite a depth of knowledge on BiggerPockets, and finally have decided to post some questions that I've been thinking about. I would like to know what you all would do in this situation (whether...
Chris Raniere
Can I assume a loan on a convention loan
We have a potential deal "on paper" where we would take over a conventional loan from a failed flipper. People are telling us that assuming a loan, legally, is next to impossible. I have heard this tactic mentioned se...
Yuepheng Vang
Small Town Wisconsin Lakefront Home - Current Short-term Rental
My wife and I recently purchased a home on Lake Onalaska in Brice Prairie, WI, that we are currently renting out part-time with gross monthly income at about $2,800. It is currently our primary residence, and we stay ...
Brent Hasse
Assuming an Existing Mortgage
With rates at the current rate and assuming majority of landlords/homeowners refinanced in the 2-4% range over the last 10 years, I just started doing research on assuming a mortgage. After reading some older forum ...