Benjamin Boynton
Non-warrantable Condo Loan - Orlando
I have 2 condos as long term investments in the Orlando area, each worth about $75k. Does anyone have any advice on how to do a cash out refinance on non warrantable condos at such a small value? We are looking to con...
Brandon Weis
20-25% Required as Down Payment on House Hack
I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence. Personally, I think they are wrong. I think they are just an ext...
Sam Rogers
Deed in individual's name for financing but owned by LLC
My business partner and I purchased a property almost a year ago with cash under the name of our LLC. We recently did a cash-out refi using a conventional mortgage. This required us to quit claim it into one of our ow...
Toks Akindele
What is an NMLS# provided by a lender
I was recently talking to a few lenders about doing a Cashout Refinance and I noticed that some of them had an NMLS# on the marketing material they had given me. I had always assumed that Realtors had an MLS number b...
Silvia Moreira
What are the Refinancing Rules
Forgive me for the newbie question. If I go the BRRR route, do specific states have rules on how long one must wait before refinancing? I'm specifically interested in Pennsylvania but would like to have an idea on rul...
Mark Forest
Prospective tenants with a criminal record
What is the current law on refusing to rent to prospective tenants who have criminal records? Thank you in advance.
Niv Nissim
Help with financing knowledge for foreign national investor
Hey all!I’m an out of country investor..Never lived in the U.S and don’t have any credit score..As part of thinking about new ways I can purchase some more properties, I’m trying to figure out my financing options..Ot...
RJ Dixon
Is 3%-5% multi family HH dead ?
Hello BP! I have just read the guidelines for Freddie and Fannie. My question is can you no longer use those loans for a 2-4 unit house hack. Also what other types of loans would be ideal for a owner occupied 2-4 unit...
Juan Chavez
Can a homeowner in foreclosure quit claim deed property for money
Can a homeowner in foreclosure accept money and quit claim deed their property? And then can that new homeowner try to do a short sale with the bank and be the buyer and essentially the seller?
Kenneth Garrett
When is a syndication needed
If I use one private lender for a project at 100,000 syndication does not seem to be necessary. If I have multiple investors investing in a project where a 1,000,000 is raised then I think it makes sense. Is it the ...