Just finished second investment property residential single family. The bank now is wanting the figures that I paid for the house and how much money I have invested in the house. They are wanting to loan 85% of wh...
I'm an ex banker turned contractor from the southern nj Philadelphia metro area.Used to do a ton of construction loans and want to make sure I'm still on point when discussing at a high level with customers.Is the adv...
My house is worth ~$310k according to recent comps. I have a $52k HELOC on my house and $154k balance on my mortgage, therefore only at 66% LTV when you combine HELOC and balance on my mortgage. My property has gone u...
Need some help here. I currently have a hard money loan using my LLC on a property in Texas. The rehab is complete and I want to convert the hard money to an FHA and live in the property. The FHA will be in my pers...
how do you get comparables on a Duplex when there are not to many in that area?
Hi BP. I was reading another post and saw where the investor was removing his PMI after he had held the property for six months. How can you remove the PMI? Isn't it required? What are the parameters with PMI?
Thanks.
The house cost less than the loan amount I am approved. where do the money left over go? can I use the rest of that money to fix up the house? Will the bank take the left over money?
My wife and I are new to real estate investing and we are presently in the process of taking out a merit loan on our investment property to buy another investment property. Long story short, the appraisal came back at...
Investment Info:
Single-family residence buy & hold investment in Fort Mitchell.
Purchase price: $165,000
SFR 5 bed 4 bath
What made you interested in investing in this type of deal?
$50...
Investment Info:
Single-family residence buy & hold investment in Lebanon.
Purchase price: $235,000
Cash invested: $15,000
Single family home purchased for 235k. Put 15k for the rehab. House appr...