Account Closed
Commercial Loan: A steal, a deal, or middle of the road?
I have a multifamily 'commercial' (6unit) under contract. I am somewhat new to loans. I just got a loan commitment letter with following terms. What do you make of the terms? Any advice or good questions to ask before...
Jody Powell
Switching lenders during escrow
I asked this question in a different sub-forum and only had one reply, so I am asking here on the General Real Estate forum. I am looking for some perspective as to whether this is a bad move or not. I am a first time...
Devyn Caraballo
Rehab loans besides 203k?
Hi BP family! Hope all is well.
My question today is, are there any other loans besides 203k for rehab? I know 203k can be a process to get sometimes and also, once you do have it, there is a lot of paper work and r...
Ti Jackson
Real Estate Salesperson Exam
Hello all,I am one step closer to receiving my RE license. I have passed my final exam for my pre licensing course and now I need to pass my PSI exam. Im super nervous and would like some tips on what to do and how to...
Crystal Cody
Expensive hot market vs Affordable cash market
What would be your investment strategy to scale the quickest and why? Choice 1: Smaller and "more affordable" market. Purchase 2-3 properties cash and renovate each property to have ~120K equity in each to rent an...
Marisa R.
Highest and Best Offers
Hi AllThis may be a little controversial topic?....With regards to multiple offers on properties should listing agents disclose highest offer? I have been in this scenario many times now.
Justyn Kaka
Looking At Purchasing My First Property!
I have a property in my neighborhood that I would love to purchase. It's in a nice neighborhood and I feel it is a good deal. I want to know how I should go about purchasing it, HML - PML - Bank - etc. I live in Hawai...
Patrick Davis
FHA Loan Limitations
I want to purchase a 10 unit apartment building using an FHA loan. My DTI ratio is above 57%, but the rent I receive on the property will easily cover my mortgage payment. Is there a debt product or workaround anyone ...
Michael Hoover
Have 14- "5yr ARM loans" with local Bank - Can I still apply for Fannie and Freddy?
I have 14 single family home loans spread between 2 local banks. Each of these are 5yr ARM(amortized at 15 or 20yr). Is it possible for me to still acquire Fannie and Freddie style loans or does the 10 cap still...
Richard Watts
Lease option to double close
Anyone have experience with a double close? I currently have a lease option contract with a homeowner. I want to list the house for sale and then exercise my option and do a double close. I have a real estate agent b...