Recently we sold our home in a suburb of Minneapolis for full list in one day. The house we found was in a desirable neigborhood and was listed for 280k paying my closing costs. Our offer came with a contigency to s...
Good evening, Has anybody taken investment property from a Hard Money Lender too Conventional? My Conventional Lender is stating that 15-20% will be needed do to the amount stated on the form.Thanks Mark
Hello,I'm just starting out and am in Tennessee. My sister up in Michigan just put her house on the market two days ago. It was listed for 139, they have an offer of 130 already which is what they actually wanted. Sup...
Is there any information already on BP about using conventional mortgages to cover the purchase and rehab of investment properties? if this is even possible..
So i finally feel confident enough to jump into the world of investment and this happens. I went to my local credit union to apply for a mortgage. i told him that this was going to be my primary residence and possibly...
I have property under contract, but my end buyer is a conventional buy and was told by lender it's not possible to pull this off due to name on title, being sold from a Wholesalers does not work. MUST come property ow...
I contacted my bank to have them begin a preapproval for a conventional loan. I told them that I was going to keep my current home and buy a duplex as an investment property. I was informed that the MIP/PMI companies ...
Hey! Can someone help me figure out what is better for me? The FHA loan or the conventional? If I opt for the FHA loan, I'll have 54.5k cash to invest in something else... but pay $578 more a month on my mortgage. I u...
I'm asking this question at a very generic concept, hopefully someone knows the answer and I'll use very simple numbers.Lets say I bought a home for 70k via hard money, with an ARV of 100k. The hard money lends me th...
Trying to buy a rental using conventional loan. I talked to my local bank and offer me 6.65% rate at 15 years loan with 25% down. Is this a good rate or I can do better with big banks?