Charles Goodwin
First Rental Complications
Hey Everyone!
Earlier this year (April) I bought a duplex for $49k with a short term interest only loan. The main reason I went for it was because I knew the rent more than covered the monthly payment and my mortgage...
Tim S.
Line is starting to get blurry between HML and Conventional
I've noticed a recent trend where HML are starting to ask for loads of documents (W-2's, Bank Statements, etc.) in order to qualify for loans. On top of these documents they are now requiring the borrower to have a f...
Vania Castillo
New law coming in Oct 2015!
How the TILA-RESPA Integrated Disclosure (TRID) “Know Before You Owe” law is going to affect investors?
Joe Brannigan
Southwest suburbs investor of Chicago
greetings fellow investors, I am looking for an ability to "mentally retire" over the next 5 years w RE investing. I have been investing and managing single family rehab holds for 22 yrs and want to ramp up. I am a ...
Craig Smith
Financing question for buy and hold investors
My banker is telling me that getting financing for more properties after the 5th one is a problem and I have to go through some kind of commercial lending deal. What have you guys that have more than 5 properties don...
Andy Crooks
Refinancing a 6 unit
I am looking to refi a 6 unit. I currently have a 5 year fixed/25 amor, with a balloon payment coming up in 19. There are no pre-payment penalties so I want to lock in rates now before interest rates climb too much....
Joseph Rohrer
How banks make money if they sell the loan to the 2nd market?
I have been home loan shopping and looked at a couple different banks. Ill just compare the closest two to make it simple. Bank 1..... If I buy $1620 worth of discount points I can get 3.5% on a 30 yr The main fixed c...
Ed O.
Another thread on rates
I posted a much similar post in another forum and got a combination DSCR lenders (which is fine) and crickets. I'm seeking actual rates and fees people are paying for their money. Previously, I borrowed where my rate ...
Blake Schreckhise
An Accidental Live in Flip!
Investment Info:
Single-family residence fix & flip investment in Lamar.
Purchase price: $55,000
Cash invested: $250
Sale price: $78,000
This was actually and unintentional live in flip. I ha...
Praneeth Nadipalli
Non Warrantable Condo in Clemson
Hi All,I'm doing some exciting work putting together a partnership to invest in some condos near clemson! Do any of you here have contacts for any lenders that might do a 30 year loan on a condo that is 90% investor o...