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So a mentor of mine is arranging a meeting with a portfolio lender (small local bank) reference a deal I have in the works. This will be my first attempt at such financing. Everything I have done to date has been co...
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If I were to purchase a property with seller financing, would I be able to acquire a HELOC to fund the rehab? If so, would that still leave me the option of refinancing with the bank in a few years--effectively pay...
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...
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I was going over my P&S Agreement, and realized there is no section in there which would allow me to nullify the contract and get my earnest money back if I discovered the rental income was not what the RE agent h...
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Buying a home FHA and my grand father gifting me$2500 but FHA requires 2 months bank statements. My grandfather is a business man and all his financial is confidential so what are any other options? And wiring the mo...
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This has happened 2 out of 5 deals.
1st Time: I called Citi Financial for a Pay-Off Statement and they wanted $25 to fax, or mail for free. Of course I took the mail option.
Next 3 Times (Other Accounts): No charge...
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What things to check befor buying the rental property?
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Hi folks, what services have you used in the past to securely accept documents from tenants? Coming from the tech world, I'm familiar with tools like SFTP, SSH and know there have been a few on the Google Docs and Dro...
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I’ve been researching Fannie Mae smaller apartment loans. I haven’t been able to figure this out: if the debt is non-recourse, why then does the total net worth of the borrowers have to exceed the loan amount? Is ther...
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Hi all,Not sure if this is the right forum to post.I'm doing homework on properties, and I keep getting to the point where I ask my Agent to get me an Profit and Loss statement on the property.9 times out of 10, I don...