Eric Cybulski
What are the consequences of a cashout refi on an investment prop
Here is the situation. I have an investment property worth about 150k and a loan for slightly less than 50k. The property is currently financed at 5.125% int rate. I am considering doing a refi to lower the rate a...
Scott Bartlett
Low-Ball Offer on an REO thoughts?
I just put in my first offer on a REO property owned by Chase Bank.
The property has been on the market for 148 Days.
The property was listed around October 12th of 2012 at $25,000.
45 Days Later, the bank reduced ...
Dave Rav
Snagged a new deal today!
Hot off the press today! Got a verbal offer secured on a this mobile on land.4BR 1996 double wide on a half acre. Needs about $14k in work. PP $57k with seller assist of $1750. I originally tried to get Seller to ...
Daniel Hart
I'm lending money with land as collateral, how to make sure it's buildable?
I'm lending at a 25% LTV on a piece of land in a high end neighborhood. If I have to take the land back, I want to make sure it's not useless land.
It's in a small high end subdivision on a new cul-de-sac that's a...
Thomas Marshall
Are there any gap funding companies in Arizona?
Hi all,I’m sorry if I seem a little novice but I’m still learning, so bear with me...So I’ve been trying to secure a house in a new build community, that I cannot get qualified to use my VA eligibility for, in the tim...
Christine Prelaz
Private Lending Due Diligence
Hello - I am looking for a due diligence checklist and/or advice for private lending (as the lender). Thanks!
Brandon Kamm
Using Equity On Investment Property
I am having trouble through the banks working to use the equity with the hope of using it to improve a portfolio and also to work toward acquiring more units. Any thoughts on how some of you have been able to use yo...
Kevin Hart
looking for lender to help with first BRRRR
Hey BP,
here's my situation. I became a full time investor back in September. My partner and I have completed 3 flips and have rehabbed 2 other properties that we were hoping to BRRRR. The problem is we have been tur...
Patrick Sears
Becoming a correspondent lender
Hello,Anyone have experience with getting your MLO and lender licenses, then becoming a correspondent lender with a warehouse lender?This means originating mortgage loans under your lending businesses name, then selli...
Gary Lambert
How to do a Construction Exchange into Self Storage?
I am about to accept an offer on 2 large tracts of Timberland I own. I have found a tract of land that I would like to build Self Storage on. I do have to change the zoning on the property and feel fairly confident th...