Need some advice. Getting ready to close on a HELOC and I have a couple of options available....$70,0006.5% (Prime + 1)$64,4005.5% (Prime)These options are based on 80% & 90% LTV. Would you go for more available f...
One of my earlier forum discussions addressed the issue of excess bids in Alabama tax sales. I will not duplicate that information here.A redeeming owner must pay the following charges:Taxes due at time of auction, pl...
Looking for mortgage broker that can finance loan amount $75K and below, looking for Non QM lender, meaning qualifying with rental income called DSC. If the rent amount = the PITI then it qualify the loan without show...
Do you recommend taking 10% of net income to put away for your Cap Ex. Or Stick to the 15%? Especially in this tough cash flow time.
Can anyone suggest any lenders who can finance <75k dscr loans?
I am still on the phone (on hold) dealing with the insurance company as I type this. They are refusing to insure my rehab at its true value. I purchased the property for $130,000 a month ago, rehabbed it, listed it,...
I have made an offer on a property because the seller said she wouldn't take less than that....here's the problem, contractors and other potential buyers have indicated the numbers don't work and I'm selling too high....
What's usually the smallest amount to start investing? Like $1000 , $5000? I'm not looking to actually purchase myself but use a small amount to help finance.
Let's say a property appraises for more than the agreed upon purchase price. Do banks ever lend on the LTV of the appraised value rather than the lower PP? Could the equity in the new purchase be used for renovations,...
I was originally preapproved for a conventional loan with 20-25% down. Since, I have found an REO that I'd like to make an offer on with an asking price of 50k. There has been no movement on this property and the l...