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Hi BP Community!My husband and I have been working to network and build our team. Yesterday we met with a loan officer and the meeting went really well. Today we are meeting with another loan officer as well. My quest...
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I heard of the strategy of flipping subject-to's. My understanding of the concept is to identify a motivated seller with a nice property with a good loan with little to no equity. Offer the seller 1-2K to get out of p...
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Hello,I am looking into commercial loans to get into multifamily buildings... I am sending out emails to local banks in areas I want to invest. These loans are a bit more tricky than conventional loans and one of the ...
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So my buyers are short 5% on a non-owner occupied 4 unit property in San Jose we need to be at 75% ltv and currently only have 80%. the realtor on the transaction is willing to buy into the property 5%. I am wonderi...
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Hey everyone! Being new to BP,..I thought I'd be consistent here as in all parts of my life and serve the members here first. For those doing Short Sales,..you need to be armed with the CFPB (Consumer Financial Protec...
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Hey Everyone,As many of you know, Pittsburgh is a unique market with a lot of opportunities in neighborhoods where properties can still be purchased for less than $100K. However, many DSCR lenders have a minimum loan ...
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The first time I got a mortgage was 3 years ago buying my first home, that is and still will be my primary residence. Back then... I knew nothing, and felt like the lending process was super veiled and not really setu...
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Hello:
How can the new buyer on #Self #Storage assume a #Commercial #Loan? With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank a...
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Hello, We bought a property in CA at a trustee sale with an existing senior lien under the previous owner's name. Now my title company and are having difficulty in obtaining payoff amount. By standard, the serve compa...
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Hi everyone - I am looking to invest in multifamily, and I learned that if I do conventional loan, for 4 units it will be residential loan and i will have to get it under my name. Then is there a way to transfer the l...