Hello all, my first post here. Tried searching but couldn't come up with the answer I was looking for. First im looking for an opinion on the legality of my late fee clause pertaining to charging a 5% late fee for 1) ...

Hello All,My wife and I have recently started the process of applying for a fixed rate (4.5%) HELOC with $100K limit with a draw period of 10 years.  We own a primary residence and 2 rental properties.  The reason we ...

High Balance Conforming Mortgage Seasoning?

For high balance conforming mortgages (rate/term) are there any seasoning requirements?

There is a lender that is telling me that there is a 6 month limit from the close...

Hi BP,  I would like to loan myself 50K from my solo401K to pick up a foreclosure at auction.  My custodian says it's my responsibility to administer it.  Seeking direction on the best way to do that.  I'd like to min...

Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...

Currently, I have one credit card and pay the balance off every month. How do you all use credit cards as a tool? Let me know your thoughts!

BP,Have a Owner Occupied Duplex that I have been renting out and fixing up for the past 8 months.  Wanting to pull out equity with a HELOC and look for another 2-4 Unit use that money on a down payment.Question:  Say ...

Hi,
I want to pay off my current mortgage balance and open a HELOC to do so. Is this possible? 

Ex. Open Heloc to pay off the first mortgage and utilize the rest as a resource to fund other deals.

I am in the beginning stages of purchasing a rental property with a goal to close a deal in Kansas City this summer. I am looking for a long term single family residence. The ultimate goal is to have several cash fl...

Hello BP!I was wondering what type of loan I should expect from a lender if I have a good credit score, working as an engineer, and am looking to live in a small multifamily in the Tulsa area. I want to be able to wra...