Luke M.
Solid credit, but it's reducing with each deal
I started out with a credit score of 790 when I bought my first rental. In 3 years, I've acquired 4 more, and my credit has dipped with each loan, and is now at 710. I have no debt except for these loans, and no credi...
Andrew O.
Buyer willing to pay above appraisal, lender issues.
A restaurant owner is looking to buy one of our flips, bank appraised at $200,000, we are asking $230,000 and buyer is happy to pay $230,000. The extra cash the buyer wants to bring to the table is from the restaurant...
Allison Talus
Refinance underwriting questions
I'm starting my first refinance. It's actually on my primary home which I never expected to do, but the market has skyrocketed so much that even worst case scenario I can rent it more than my new monthly payment woul...
Avi Garg
Getting a small apt complex under contract
Need some help in understanding how to get a MF under contract. Lets say the small apt complex is listed at $300k and the seller is willing to drop the price to $280k (no seller financing available). 1. The convention...
Lakeisha Smith
Real Estate Investing Education Scams
Hello All,I'm new to this site and joined as I would like to learn as much as I can about Real Estate Investing. This past weekend I took part I a three day workshop put on by Performance Education-Success In Real Es...
Eric P.
Home price vs. Property tax
My wife and I are mainly looking at 2 towns for our first primary home purchase. We're used to renting in North Jersey at $2,400 a month comfortably so that's our budget. In town #1 we could buy a house for $300k b...
Cooper Walker
Why Home Equity Loans are Worth It?
I am brand new to real estate investing and I am looking for ways to get involved ASAP. I have heard a lot of good things about home equity loans or home equity lines of credit, but I cannot seem to see the bigger pi...
Maria Renee
Newbie with Student Loan Debt: FHA, 203K, Conventional or SBA?
Thanks for any advice you can provide!I have $15k available for down payment and closing costs. My DTI is decent thanks to a solid salary (with 8-year history), BUT I want to escape CA sky-high property prices, quit m...
Joe Kern
Loan with wife vs alone
Hello all ! Just got pre approval for an investment property , and am curious what the pros /cons would be id I added my wife to this as well? Also - I currently have an FHA on my primary which she is NOT on. Can she ...
Luke Stewart
FHA with out of state work
I recently got preapproved for an FHA loan on a new primary residence. However, the underwriter has come back to me with issues with my job. I am a contract worker with a W2 from a recruiting agency and I work out of ...