Jim Sestito
Current Lender Reached Out about interest rates
BPReceived an email from the lender that gave me a conventional loan (4.5% rate) on a two family. Basically said "rates have dropped, and we should talk"- I have a call with them tomorrow. What is the advantage for ...
Lucas Mobley
First deal fix and flip in MD
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $8,000
Sale price: $174,900
Single Family Home in Historic District
3br 1.5br Colonial...
Jeff Kaplan
Applicant retired and getting divorced
We have an applicant who is retired AND in the midst of a divorce. We seek advice in how to qualify since the divorce settlement is incomplete. Much of the assets including their current home are in both their names. ...
Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Bernard Chouinard
4 Owners, tax lien multi unit how should i go about this?
4 Owners of this 2 unit 3 br property. Wow very long story will do my best to make it as short as possible. Changed the names just in case. .lol Owner 1: Carol, took a 2nd mortgage on her house to buy her daughter (O...
Clayton Silva
Things that don't actually happen - Seller Carry
One of the questions we get all the time from potential clients who listen to Bigger Pockets is: "can you work with a seller carry?" The short answer is: no, not technically. The seller carry, as most people underst...
Tyon Pascal
Any Advice on Owner Financing?..
Hey BP. Currently have an offer in on a property. The seller/owner is willing to do owner financing. Zillow has it for 200 + and the county has it listed as a multifamily. We have agreed to write up the contract for 1...
Cary F.
Investing in Bank Notes - General Questions
Good morning everyone. I find myself exceedingly interested in distressed bank notes. I currently use the tools of quantitative risk management to help manage large consumer loan portfolios at a financial institution....
Rick Howell
How You Can Improve Your Credit Score
Improving a credit score does not happen overnight.Why?Most creditors only report to the bureaus once a month. However, there are a few steps you can take right now to start cleaning up your credit blemishes and here ...
Juan Pablo Murillo
Conventional Loan Closing Costs - Analysis
I want to start by saying that this is my first deal. This question serves two purposes, to educate myself and to allow others to get valuable and transparent information on closing costs of conventional loans for inv...