Christopher DeSimone
Low Down Payment Mortgage Advice - NYC Queens Brooklyn
Hello!I wanted to ask the BP community about mortgages, as I feel uneasy about this step in the process. If you were in my shoes, what would you do? Consult a mortgage broker? As I meet with loan officers, they often ...
Carlos Carbajal
COVID-19 Delayed Mortgage Payments affect FICO scores?
Hi all-I've got about 8 mortgages (more if you include HELOCs). As many of you have already heard Fannie and Freddie are directing lenders to offer mortgage relief to their mortgages which entails a forbearance of the...
Jordan Butts
Cash Out Refi or down payment and mortgage?
So a little background, I have tested the waters and flipped a couple of houses with a private investor, but as many of us want, I am ready to be on my own. My question is, should I focus my current cash flow into pa...
David B.
HOW TO ORGANIZE PAYMENTS TO MY MORTGAGES/EXPENSES
Hi guys, As a new real estate investor, I have a very basic question that I could use your help with.I'm starting to rack up properties (5 units currently) and my intent is to keep BRRRR investing into more and more. ...
Matthew McNeil
Lender REFUSES mortgage payments from LLC business account
My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...
Scott W.
Seller 2nd Mortgage as part of down payment?
Hi All-Does anyone have any experience (or worked with any lenders) where the Seller takes on a 2nd mortgage as part of the down payment amount? For example, buying a $4M property that normally requires 25% ($1M) dow...
Jeff Bousquet
Source of Down Payment for a Commercial Mortgage
I'm going to purchase a 6 + unit building in early 2020 and want to use funds from a HELOC on a investment property as the down payment. Has anyone done this for a commercial mortgage? Is it possible? Any recommendati...
Trey Crusey
How do you estimate your monthly mortgage payment?
I'm looking at running a Facebook ad on buying vs renting. Are there any mortgage payment calculators out there that you all have found more accurate than others? A formula to use?I want the prospect to essentially te...
Luther A.
How to reinstate pass due payments on mortgage
Consider the seller is selling their property "subject to" and they are 12K behind on the mortgage payments. I want to buy it. I have no money to reinstate the loan. It is in foreclosure. My exit strategy is to use se...
Wayne Yahnke
2nd Mortgage Payment doesnt work in the numbers
Good morning BP!I’ve been crunching numbers on multiple buy and hold rentals as well as brrrr investments in my area and I continue to have trouble getting deals to cash flow with the 2nd mortgage Loan Payment (down p...