Question: Is there purpose to showing bank or lender loyalty when obtaining additional loans?I know from the Podcasts and reading these forums that some people enjoy having a relationship with their lender. My thoug...
Hey BP,
This will be my first time refinancing. I bought my SFR 2/1 rental in September for 79k and I'm hoping to refinance in March / April. I wanted to do what I call a "hybrid BRRRR" and basically get as much of ...
Hi all,Since I'm new to this I've reached out to the two people I know regarding real estate. My lender for my primary residence and the realtor who help me get it. Reading in the forums I've learned that not all lend...
Hello all, I'm asking this question on behalf of a friend. The seller is insisting that they will be keeping the Ernest money as well as suing for repairs they made to get the property in compliance with FHA standards...
Does anyone have experience in what I think is called pool investing? Like when 10 people each put in 10k so that there's a 100k deal. It seems like a good way to be able to share the wealth and also get a bigger deal...
Hi all,Newbie here. My husband and I have been educating ourselves about REI and are looking at houses in North Texas. We recently applied for a mortgage at a local bank and was turned down before they even looked at ...
Hi guys! Im working with a client that needs to buy something ASAP and he needs a hard money loan that they will be open to having the property owner occupied for 6 months then he will re-fi out into a traditional mor...
Hi everyone, happy Monday. Has anyone had any luck finding a lender who would finance 80% of the PP, out of LLC, based on projected STR income? Or using existing properties as comps? TIA.
Hey BP friends! First let me send a shout out to J Scott for the podcast he did with BP (episode #10 I believe). I thought you were describing my first flip!!
Here's my dilemma. Wholesaler purchased a home 4/4/13,...
Hi All,I know it's not the norm, but does anyone know if any lenders will consider rental income if it's been less than 1 year? This is in regards to income and not DTI. I have signed leases and can show 5 months of p...