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Hey everyone, looking for advice/options for structuring a deal. I'm sitting on $160k in a 1031 that I need to reinvest, I've identified a property but need help with how to structure the rehab loan and refi to pull c...
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Hello, I have a good interest rate at 2.875% and have tenants, I'm cutting even with expenses. If I sell I would be able to get what I bought it for. Overall my portfolio is too real estate heavy, I have more than 50%...
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BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago. Loan is NOT in our name but in the name of the original borrowers. This account includes ESCROW IMPOUNDS being...
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Hi all, My name is Obed. I am prior military (AF) and an air traffic controller. I’m new to BP and REI in general. I am also new to the Pensacola, FL area. I’ve been trying to analyze listings on the usual sites and w...
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Does anyone have experience using the FHA 203K Loan program? I'm in NJ, and I've been looking for ways to puschase property using a low down-payment option to ease the burden of chewing up capital in the beginning sta...
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Looking for some advice from anyone willing to help. I have a relative that is willing to loan me up to 100k on a fixed 30 yr mortgage rate of 5%. This comes out to $537 per month. I want to invest it in notes and col...
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Hello BP nation!I would like to start by saying how grateful I am to have a platform such as this to be able to share ideas and learn from! There is so much information available to us these days it can be overwhelmin...
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I’m planning a cash out refi on my current investment property where I’ll get a lump sum of 200k at the beginning of April. I have another property closing March 2022. Amount due: 250k. I will likely use this cash to ...
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I owe $144k on my home, estimated value is $320k. Would you consider refinancing and use that money to invest in other real estate opportunities? I also have $80k cash but am having a hard time finding deals in my are...
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FHA lowers borrowers’ mortgage insurance premiumsWASHINGTON – Jan. 9, 2017 – Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured (FHA) mortgage.FHA announced that it's cutting annual...