Frank C.
Military member selling home in NJ, TAX question?
Hey everyone, I am a investor with experience in SC, NC, & TN. I have a fair deal of experience with the real estate laws/codes in those states, but I have a colleague ask for advice today and I am hoping that you...
Christopher Giannino
Vacancy or focus on M2M tenant?
I'm looking into purchasing a duplex strictly for investment purposes (not going to be a owner occupant.) Currently, one side of the duplex is vacant and the other side has a tenant on a month to month lease. If all...
Jackie F.
Refi Primary Mortgage - Closing Cost Are High
Hi BP,
I would like to refi my primary residence which has an 70% LTV. I want to lower my rate on a 30 yr fixed. I don't want to cash out. So far, all estimates have me paying 2-3% closing cost.
What gives? I th...
Tae Sung Yoon
$0 Money Down First Investment Property (2020 Year End Update)
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Anchorage.
Purchase price: $547,500
Cash invested: $5,000
2020 Year End Update:
After closing on the property, I immedi...
James King
House Flipping in Texas
Hello, I am new to this forum. I live in Texas.I am interested in fast cash turnaround, and I thought house flipping, buy-upgrade-sell, might be a good idea.A typical scenario would be to buy a home for say $200,000, ...
Ryan Johnston
Seasoning requirements and LLC
We are about to do a cash-out refi on a property that we purchased with cash in the name of a single-member LLC which I own. I purchased the property over 6 months ago, and it's been in the LLC the whole time. Now th...
Tracey Dixon
100% Financing? (80/20 loans)
Hi BP! I’ve finally taken the leap and begun my REI journey. I’m currently trying to determine which type of loan I want to use with a lender. This may be a no brainer question, but seriously need advice. Based on my...
Jerry Padilla
FHA Purchasing, FHA Cash-Out, FHA Rate and Term
This is by no means all of the guidelines..... Just some basics. This past month FHA has gotten much more strict and fine tuned their guidelines. Single Family Residence or The rental units are an owner-occupied two (...
Elton Tate
DSCR Loan Closing Cost
Happy Wednesday!I hope everyone's week is either going as expected or better than expected. I have questions regarding the DSCR loan process and the associated closing cost. I'm reviewing the loan document, and I noti...
Shah Alam
Upfront Fees for a Loan
Hi,I am new to the US, so I am just understanding hard private lending. Is it common practice for a lender to ask for upfront fees for providing a loan to a borrower? If so, what sorts of fees are they and what do the...