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Hello BP family.I am currently under contract for my 1st primary home. (Currently own a 4 unit rental and 8 acres planned for development in the near future).I have just received my closing disclosure and boy is it ug...
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On one end of the spectrum you have conventional lenders looking to lend to qualified buyers at low single digit rates for long term loans. These loans generally do not come with construction financing (I say generall...
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Hi Everyone! Happy Friday!
Question about a HELOC:
My husband and I currently own 2 duplexes and have a triplex under contract. We are using a conventional loan to cover 80% of the deal. For the remaining 20% + cl...
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A friend is looking for ideas for next deal, here is a financial snapshot - hopefully some of you w experience can give ideas of what you would do in this case. Lives in NJ, works in NYC.- makes 120k, saves 5k clean a...
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Hello All,
I currently have a conventional mortgage for my personal residence and one rental property. I have another rental property with a $24,000 installment loan. I have a couple questions:
When I w...
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Hello.
I have bought a single family rental last year and deed it under a LLC. I have a 50% private financing on it for 12%.
I am still building my credit rating. I would like to explore if I can partner with a fri...
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13% Interest Only rate
5% Lender Fee
20% down
Lend 70% ARV
Repair escrow draw after each phase complete. (reimbursement)
If you know of a lender with better terms please let me know.
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Good morning all,I am a 90% disabled veteran and I was looking at using my VA loan to acquire my first property in Lexington, SC. Me and my wife will be living in it for a year or two, moving and renting it out, then ...
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Hi to all and thanks in advance. Right now I have a FHA on my principal home and a conventional on an investment property of 3 units. I just want some guidance on refinance options on the FHA, it's near or right on th...
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Hey everyone, I'm about to close on a townhouse using the VA loan. I bought it for 260k and I'm financing half the closing fees. I am hoping to use my first home as a rental when I eventually move in 3-5 years. I used...