I just discovered the fine print on owning my property in an LLC... you can't do a cash out re-fi through FHA. At least in my state. I have about 20% equity - about $110,000 in my 4 Plex, which I have in an FHA loan.
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Good morning, BP! We recently completed a renovation on our rental home. The contractor told us the work would take 10 days to complete, but it actually took 2 months. Anyways, he promised us that he would pay us for ...
Hello,
My GF is in a pretty frustrating situation with her current lender and I wanted to explain the situation to hopefully get some guidance on what she should do.
She is currently in the process of a cash-out re...
I'm curious if anyone has had a similar experience as this. It's clearly a scam, but the scammer went to great lengths before launching the scam part of the transaction. I have been looking for a $55K hard money loan ...
What Is A Bridge Loan? A Look at How It Works.Buying a new house can be problematic for people with existing homes that have not yet sold. This is because money from the sale of the old home might be necessary to put ...
I just finalized my contract on my first duplex; my question is in regards to renegotiating my rehab cost. I went into this contract with the expectation of putting a max of 100K into the rehab. The rehab loan was inc...
So I'm caught in a bad spot..After 2 years of owning our 2 bedroom, 1 bath SFR home, I finally decided to refinance so I can greatly reduce my rate. Previously, my rate was 4.375% and new lender is offering 2.875%. Im...
Good afternoon everyone!
Im currently creating my business plan for my first investment and I have doubts about how to proceed after being accepted for a loan. What's the best way to give the money to the seller and...
Hi everyone, I’m a junior in high school (16) and finance is one of my hobbies. Right now I’m just learning everything I can about real estate before I start to house hack in a couple years. I currently have about $5,...
Hello everyone,I graduated college in May of 2019, started started my career in July, and I’m finally able to get serious with investing in real estate. I’ve read the books, watched the videos, but I just don’t feel c...