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Hello all, I have two properties in Baltimore MD that I am trying to do cash out refi so that I can purchase another rental property. The two properties are valued at around 75k and 65k with no mortgages on it. I have...
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I am wondering if this can be a solution for investors with more than 10 investment properties.They claim that "The property’s cash flow may be utilized for investment properties in lieu of conventional methods". I am...
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Hello BP Community!I am a young professional looking to acquire a multi family property in Seattle. I'd like to take a swing at being a landlord and would love to chat with someone who has already gone through the pr...
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Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
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I remember hearing stories from my finance professors about how when interest rates were high in 70s the banks would offer mortgage borrowers a chance to payoff their loan at a discount to the principal balance. Pre...
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Soon I'll be obtaining my first mortgage. I'm going the FHA route.I've done A LOT of shopping around. As I work to narrow in on my lender of choice, I've been surprised by how much the loan detail varies between them...
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My name is Samantha, and I'm currently serving in the USN in Rota, Spain. I'm originally from Virginia Beach, Virginia. In October 2018, I will be transferring from the military life into the civilian life. Becoming a...
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Hello everyone,Preapproved for 200,000 VA loan. I would like to use to fund my first multifamily deal by doing a house hack. The problem is multi family in my area seem to be few and far between and seem to be priced ...
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Given the current capital markets and high interest rates, I wanted to share a quick breakdown of what owners should consider when doing loan assumptions as a strategy to get lower cost debt.
While loan assumptions ...
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An important note as there is a lot of discussion back and forth recently on how Forbearance will be looked at on credit report and by lenders. Keep in mind all loan service'rs are not equal and need to report SOME...