Thuy Pham-Satrappe
Closing costs- who pays right now?
Are you finding that buyers are asking you to cover their closing costs? I understand it varies market to market (I am flipping in Fort Wayne Indiana) and I am in a sellers market right now but I was taught to factor ...
Account Closed
Do I take a 4.125% for $0 origination fee or 3.875% for $3800?!!
Hey folks, I'm borrowing $380,000 for a primary residence/investment property. It is technically considered a single family but there is a 4 bed 2 bath house, a 1 bed, 1 bath apartment AND a studio garage apartment....
Joshua R.
How much money do you need when trying to get FHA203 Pre-approved
I am in the process of purchasing my first investment property. I am setting up meetings with a few different FHA Consultants to discuss pre-approval for an FHA 203(k) streamline. The loan is for 200,000.00. How much ...
Devonte Blackmon
Refinancing FHA mortgage
I purchased my first home last year with a FHA loan. When can I refinance it? If I refinance it will it no longer be a fha loan? During a refinance do you have to pay closing cost? This is my first property, 24y/o so ...
Mary K.
Mortgage Payment Advice
Hello,First time posting here. I have enough money to prepay my mortgage payment for the next 6-12 months and am wondering if it would cut any time off my 30 year mortgage. To be clear, I don't mean throwing a large s...
Nick Zigler
Adding tenants to existing month to month lease
Background: Oakland multi-family (4-plex) propertyScenario: Existing tenant would like to add new occupants (2 relatives) to an existing month-to-month agreement. 1) Should we add the new tenants as master tenants or ...
Steven Griffith
Mortgage Broker Recommendations for Investment Properties
Hello BP,Does anyone have a recommendation for a favorite mortgage broker for either Second Homes and/or Investment properties? My wife and I are looking at purchasing a second home for our personal use, and a separa...
Tuan Tran
Low maintenance tenant, 1st late rent
Hello BPersBackground:I have a new-ish tenant (~6 months into the lease). Have been low maintenance, very courtesy family that seem overall very good people. During the evaluation process, this family didnt quite fi...
Nathan James Flesher
SFR Cash out finance questions
Your goals and story: Hey ya'll I'm a first time investor with a recent acquisition of a SFR. I'd like to perform some BRRRR style cash purchases rinsing and repeating with a starting investment of $100k. I'm 33 so ...
Josh Belgard
HELOC AIO All In One
Seeking a bank that offers a prImary resIdence HELOC (All In One). We use PLOCs for our rentals and they work very well. We don’t want a fully amortized loan but a simple interest HELOC. Any bank leads are welcome. W...