I was asked to pay in advance 2.5k for approving my loan before i get the money. I said explicitly that i pay loan fee only in escrow after the loan money was paid to the title company. Here is the letter i was sent:P...

So I've applied for my first mortgage ever on an investment property. I have good credit fluctuating between 760 and 790, net monthly earnings just shy $10,000.00, over 2 years in my current profession, no current hou...

I am curious, have you used an interest-only mortgage product for a deal? If so, why?

Hi BP community,I am brand new to real estate. Trying to buy my first primary residence this year to do house hack or live in flip.Already in talks with a lender. But wanted to check if anyone has any advice on a few ...

Wonderful community! I have a question - I rent by room in the Charlotte area and up until this point, I have rented all my rooms through referral and my tenants bringing me qualified folks (I've been very lucky). I h...

Man, I wish this was all easier on me. haha I imagine in the future it will be. But I'm supposed to meet the seller today to sign a contract on 12 units. It's been a long road as they are FSBO, so all negotiations hav...

Certain property types can be more difficult to finance than others, one of the more difficult to secure financing for is multi family or mixed use properties above four residential units. We've seen a very strong upt...

My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...