Luiz Souza
FHA anti flipping rules
Anyone with experience on FHA rules these days?
I have a property under contract scheduled to close at of this end of this month but I just received news closing will have to be delayed due to the Feds anti flipping ...
Justin D' Apolito
Financing for STRs in the Pocono and Catskill mountains
Hey everyone! I have some good deals on short term rentals in the northeast and am looking for financing, both for the mortgage and potentially as capital partner/LP. If there any investors or lenders out there that ...
Nick Brubaker
Mortgage upfront or pay cash then refinance?
Hi everyone,My wife and I are planning to purchase our first property here int he Decatur/Atlanta area. We're wondering if we should obtain a mortgage from the outset or pay cash and then refinance. The way I see it...
Morgan Porter
Verify Income for Self Employed Applicant
I recently received an application from someone who is self-employed. They are claiming significant income but I have no company to call other than the applicant herself. Should I request a tax return, bank statement,...
Mike Dawson
Beneficial Owner Information Reports. Company applicant???
I formed an LLC last month and I have 90 days to submit my BOIR. My confusion lies around the term "company applicant". When looking for information on who the company applicant is, I ran across this info directly o...
Ryan J Bondy
Direct Commercial Funding Inc.
Hello, I'm in the process of securing property in the U.S. as a Canadian investor. A private lender named Direct Commercial Funding Inc. has presented us with favorable loan terms, however, they include a substantial...
Carlyle Gianni
Calculating rental income
Hi BP Family - I'm trying to get clarification on something as I seem to get conflicting information from different lenders. How is rental income calculated for your DTI? I had one lender say they took 70% of the ren...
Account Closed
Best duplex\triplex\multi loans?
Hello, im Gabriel from Enfield,CT currently on the search for a duplex/multi around CT or MA as im more familiar with MA. This would be my first purchase/investment with my fiancée..i got pre approved already for fha ...
Michael Henry
First Multifamily Deal
Investment Info:Small multi-family (2units) buy & hold investment.Purchase price: $78,000Cash invested: $22,6001930 2 unit duplex well taken care of move in ready. What made you interested in investing in this typ...
Luisa Trigo
Mortgage and HELOC at the same time?
Hello,Our back up contract was unexpectedly accepted so the timing on everything shifted before we had everything lined up. Hence, we are about to close on a mortgage for an investment property and we are in the appli...