Havan Surat
5% downpayment lender
I came across in rent to retirement podcast that there is a 5% downpayment option for investment properties from a credit union. Does anyone know the name of credit union and used it for lending to buy investment prop...
Vee Vu
Business Credit Line
Hi everyone,Is it possible for a new investor (with no experience and have no job) to get a business credit line? The only thing I can show is the money I have in my checking account. I am planning to use BRRRR strate...
Dror Brumer
Question about. BRRR
Hi All , I have a rental property I bought with LOC , The LOC rates are very high and I was thinking to take a mortgage on the house with a cash out option to invest in one more property When I am running the numbers...
Oswaldo Rodriguez
Bankruptcy
Hi, my dad filed a chapter 7 bankruptcy in 2006. He was given I believe 7 years until he could establish his credit again. Since then, he has bought everything cash. Since we both want to invest in real estate, he wan...
Peter Sik
Low credit score but with co-signer
I don't have much experience to determine if this tenant is good. So, post here to see what do you think. I got this email from my PM, and i think her credit score is too low but she has co-signer. Other then that al...
Ryan Biankowski
Cash Out Refinance Tricks and Tips?
I am nearly completed with my first fix and flip and will be doing a cash out refi in about 2-3 months. I was told recently that I could negotiate refinance fees basically down to nothing if I tried hard enough. Thi...
Emily Reynolds
Funding For Flipping
Is anyone familiar with the company: FUNDING FOR FLIPPING?They offer a line of credit to purchase homes at 1% interest with a high 1x down payment between 6-9k which is taken out of the loan disbursement.Hoping to get...
Rachael Perez
Are cosigners a long-term solution
Are cosigners a long-term solution? I have several applicants that seem like nice people but do not meet the financial criteria of 3x rent. They all have cosigners who do. But really, if they can't afford it now an...
Burt L.
Is FHA More Lenient About DTI When Using Cosigner Than Conventional?
I will be seeking either a 3% Conventional or 3.5% FHA loan. Credit is at 715-720 (720 is much better) but I will have a high DTI and can obtain a family cosigner with significant income and low debt. My understanding...
Sammy Patel
Should I refinance my rental property!!!
I currently have a rental property that we have owned for 10 years. I refinanced 2 years ago with the HARP program to a 15 year fixed at 3.5%. My wife's father suggested this was a good move for us. I have been rentin...