Michael Mroczka
This crazy situation will let us have multiple FHA loans, should I do it?
Hey friends!Long time lurker, even though I post infrequently. My wife and I own a cashflowing quad-plex in Chicago that was a 3.5% FHA loan. We are in a fairly unique position because I work fully remote in a very se...
Sidney Garcia
Can the 2 year work history be waived on a FHA loan? unique situation.
Hello everyone, I would like to have a FHA loan for my first investment property and put down 3.5% as down payment. even though I don't have a two year work history, I have 6 months of great bank statements. Making 10...
Steve M.
Hard Money vs. Private Money -- Scenario
Let me start off by saying BP is GREAT! When I wake up from a dream thinking about real estate, I know something MUST be good ...
Here's my situation. Would love to hear thoughts from some of the *locals* :D Than...
Brandon Allenczy
Second Position Loan by Seller
Hey BP!I haven't been able to find this answer anywhere. I'm trying to buy this 6 unit, and split the financing between the seller (willing to hold the note) and my bank. My plan is to finance some from the bank and g...
Jack Dephillipo
High Closing Cost - Anny Suggestions?
Hi all, I'm currently under contract for my first rental property in South Florida and I'm finding that the closing cost provided seems high for a smaller loan size. I've attached a picture of the fees worksheet which...
Erich Martinez
Colorado Double Closing - Handling Reserves
I'm working on two real estate deals and was pre-approved for both (a Single Family Home (SFH) and duplex). I've gotten appraisals on one property and inspections passed underwriter final review on the SFH. On the d...
Kent R.
Hard Money Loan Forms
In Florida, I know that both a mortgage and note are recorded by the Lender with the Clerk of the Court, but where/how are the points (origination fee) addressed? The notes that I've seen in court records only have t...
Brook Alexander
Funding for ADU in backyard of Primary Residence
Hey everybody! This is my first posting in here. I’m hoping to get a couple different perspectives on a particular strategy, so I’m looking forward to any and all advice offered! My wife and I are looking into buil...
Jameson Collins
Family Loan Vs Family Partnership
Hello all thanks for reading, I am working on BRRRR deal that is going to involve cash from my folks. Here's the scenario briefly then ill get to my questions, Original plan, folks are going to contribute purchase pri...
Paul Gilo
40k - lend it as hard money or buy a rental? other options?
So lets say I have a friend... :) Who is a professional and is pretty happy where he is at and does not really have too much time into landlording and such, but is very much interested in getting into REI and buildi...