Sachin H.
What credit is bad credit
Hey guys!Looking for tenants for my first investment property in GA. I have received 5 application so far and almost everyone has a low 500 credit score. Some had eviction history and I just rejected them but I want ...
Ari Bauer
HUD partial claim - short sale
I was hoping someone could help me out with a deal I'm working on.I'm negotiating a short sale on a property with three liens, a 1st mortgage, 2nd and a HUD partial claim.I've reached agreements with the 1st mortgage...
Lynn Harrison
refinancing rental after hard money?
Hello,
My friend is looking to buy property and I told him I'd ask for him. How difficult is it to re-finance at the end of a hard money loan(interest only, 6 months)? He might be paying 34 to 50% cash, the rest a lo...
Nicholas Lohr
Can someone tell me if this is accurate regarding LLC's please!
For my first deal I had to take title and mortgage in my own name as the bank would not lend to the LLC. However I do keep all the property's income and expenses in and out of an LLC that I formed because someone told...
Jeff L.
The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?
I can't seem to find a definitive answer to this.Some people say that the limit is 10 properties (not loans), so even if all 10 properties were under 1 loan, you would be at the limit. Is this the case?Also, does it m...
Dave Fulkerson
Financing Multi Family
My Name is Dave Fulkerson. I’m an investor out here in St Louis. I’m looking to get financing for an apartment complex that is currently listed at $925,000. Talked to the agent and we should be able to get it for cl...
Melanie Z.
Me vs. the city : how to recoup funds
I need some help / advice. Back in January my home was given a notice of violation by license and inspection for a crack in the side wall of my home . I was told by L&I to retain a contractor and engineer to get t...
Eric Matson
Too much debt to income
So I was just denied my loan because my debt to income isn't the best. My credit is excellent, is there any lender who would approve me my loan? Or do I have to find a coborrower?
Isabella Romano
DTI issues applying for new loan- HELP
I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the reh...
Wes Burk
Why should a seller short sale?
Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...