I'm currently selling 36+ new construction SFR properties at a discount. I have an offer from a buyer who is asking for a 20% discount (which is more than I'm willing to let go of) and seller financing. I want some li...
I was recently informed that there are portfolio lenders that don't do a credit check, don't require an appraisal (possibly BPO), or tax returns, etc and are truly asset based. Is this possible for a cash out refinanc...
I am in the final stages of a rehab in Indiana that I was planning on refinancing through a hard money lender once it is rented. Before the virus I saw some hard money lenders up to 80% LTV @ 6% for 30 year fixed loan...
I've found a local bank who will re-fi a property after 6 months seasoning. Its a portfolio lender offering 30 year amort with fixed rate or 6.25 (first one I have found offering a 30 year fixed). The rate is a bit ...
I was just talking to a CPA about setting up an LLC to hold my investment property. He cautioned me of this approach (although he thinks it makes sense from asset protection stand point) lenders may not give me mortg...
Bank of America is offering some big incentives right now for owner occupant purchasers in low to moderate income areas. (I assume this is nationwide). They are offering $17,500 in a closing cost grant to cover your c...
I got a letter the other day in the mail stating that my bank was unable to sell my recently acquired FHA loan to the secondary market, therefore, that bank will be servicing the loan. The letter also states that the ...
What is the difference between a portfolio loan and a blanket loan?Any and all info about the difference between the two would be greatly appreciated, thank you.
I've ran into walls dealing with BOA in attempting to purchase a specific property note. The general concensus is they don't sell their paper. Has anyone had any different experiences?
If that's true, I'll pursue t...
What's the lowest cap rate you will take? What's the average (good) cap rate you like to see?