Hey BP!I am trying to do a cash out refi on a property (first time) and need advice, It seems like the interest rate is unreasonably high. I was expecting for it to be about .25 - .5 higher than current industry avera...
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Hey everyone! With excellent credit why am I being quoted at 6.5% for an investment property, (non owner occupied, 20% down 30 yr mortgage). This seems very high to me. Comparing apples to apples what is everyone e...
I am looking at a piece of property that will cost about $65K. I can put down $30K but would like to borrow the rest. This will be my first real estate purchase and my first loan. I am unsure what kind of loan I sh...
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Selling price: $85,000 (includes furniture, appliances, beds and bedding, dishes, yard equipment, etc)10% down payment: $8,500 House is turnkey and sale price is average for area. Balance: $76,5006.5% interest, includ...
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I have a property I own free and clear and want to do a cash out refi for around 40k. Should appraise for around 60k I am past the 6 month seasoning period. I have found a local lender that can do it but the closing c...
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I am a new real estate agent and I understand I need 2 years of pay before I can get a loan, my question is that if I have a cosigner, can I get around this?
Hey BP, I'm thinking about funding my first deal with a lender or hard money lender what do you thinks is a decent return for a lender without offending them? Thanks in advance
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First I want to say that I'm not a lender. The information in this post is based on research that I've done on Google and BiggerPockets to learn about the FHA 203(k) loan. Writing this out helped me internalize the in...
Hello fellow real estate investors, i have been reading about real estate investing here and there in the past couple of months. it wasn't till i got a new job about a month ago, where i decided to take real estate in...
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Hello, I’m inexperienced in real estate, but it’s definitely something I’ve always been highly curious in! I know 35k isn’t much but I’m just wondering if anyone have any suggestions on what to do or where to start, I...