Account Closed
BRRR strategy confusion - Refinancing
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...
Jacob Willett
Loan Approval Without Employment
I am working on my first deal and I have started working on getting a loan pre-approval. My concern is that I am currently a college student and my employment is based on co-op cycles within the college so I cannot pr...
Andrew Boerum
Can't Live in My "Primary Residence"
Hey all! Just signed up today!! I have been studying investing in the stock market, and in real estate, relentlessly, for the last six months. I read though "Investing in Real Estate with No Money Down" (shoutout Bigg...
Mark Forest
Can lender demand payment
I want to refinance my mortgage of several years, but now I have retired. Now that I am no longer earning W-2 income can my lender demand payment? I doubt it, but it's a good idea to ask since I will be contacting th...
Lamont Crawford
First Time Home Buyer working abroad
I am a first-time home buyer working abroad. I have been doing so for almost two years now. I have a few questions in regards to getting conventional financing while still working abroad majority of the year.A little ...
Bon Donaldson
Holding a mortgage for mutual benefit
I have been doing some digging and feel that I haven't found what I am looking for. So for my first post after years of lurking I am looking for creative ways to make this work. Situation: I have a friend who owns...
Chandler Leger
Getting creative with Loans
I’m a local contractor new to investing, I created a partnership with my wife’s father and we are about to close on our first multi family with a conventional owner occupied loan in my father in laws name. I want to c...
Shervin Fakhravar
Taking out a conventional loan on a property with a lien
Hello! I need some advice and perhaps if anyone knows a bank to connect me with. Currently, me and my team are looking at seller finance deals, where we wouldn't have any loans on the property but rather a lien saying...
Patrick Livers
Financing options for next property
Just wondering if anyone has any suggestions for financing options for my next project. My issue is on paper by myself I don't make a enough money (25,000) to qualify for any loan or line of credit.
Currently I own t...
Joseph Reh
If 100% disabled, do I need a job to take out a VA home loan?
Hello, my name is Joseph Reh, I'm sure there are posts regarding this topic, but I haven't really been able to find it. My question is, If I'm a fully disabled veteran, do I need a job to take out a VA home loan? I've...