Alvaro Leis
Origination charges on a conventional loan
Hello I am new here and about to get our first property which is a duplex, $115k purchase price with a conventional loan, 20% down payment and interest is around 4.9%.I received the closing disclosures from the lender...
Brian Watkins
Negotiating Liens with Original Mortgage Lender
Question regarding negotiating a Lien on a property.Subject property has a lien of $65K with original mortgage lender (BB&T). Before the property was able to be foreclosed on a Quit Claim Deed was done and the pro...
George Paiva
Where did the 2% rule originate?
Hi Folks, I thought there was a sticky somewhere spelling out the 2% rule and how it originated. Maybe getting confused with the 50% rule. But anyway want to find out how to back up the 2% price valuation.
Ian Flannigan
Seeking a "Residential Mortgage Loan Originator"
Hey guys, I'm looking for a RMLO in the OKC area to do
the disclosures for our wrap mortgages. Does anyone currently
sell with Owner Financing? We would love to find a seasoned
loan originator...
Han T.
Self-Originating Promissory Note and Mortgage
Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...
Brandon Allenczy
Career Change: Leaning Towards Loan Origination
Hello BP Community!While accumulating small multifamily through househacking, our (my wife and I) strategy requires that I maintain a W2 job for a bit longer. Since I have to keep a W2 job, I would like it to be produ...
John Tarricone
To paint or not original trim?!
Happy Friday everyone!I own a duplex in a historic district in Rochester NY. My house has beautiful detailed original dark wood trim (house built 1894). I believe that renters prefer brighter spaces. I want to paint a...
Tom Reynolds
What state should LLC be originated?
Hi - I'm a new investor outside of chicago and wondering if I should establish an LLC or establish an LLC in a different state. I'm only asking because Illinois charges 4x other states for annual renewal and the init...
Albert Alvarado
New Mortgage Loan Originator Commission Split
I’m a newly licensed MLO and I’m curious to see what percentage is a fair commission split with a mortgage broker. I live in Los Angeles and I want to make sure I agree to a fair split. Also if anyone has any tips to ...
Braden Coleman
Needed - Mortgage Loan Originator in Indiana
I'm looking for good recommendations of MLO's (Mortgage Loan Originators) specifically for mobile homes here in Indiana as I'm seller financing the trailers.