Kyle Dube
What is Escrow and/or an Escrow Account?
Through some of the literature I've been reading I've seen the term Escrow thrown around a lot. I'm just curious as to what this term means what it has to do with real estate investing?
Matthew B.
My Portfolio Lender Won't Lend on ARV! Time to Find a New One?
I moved my business banking to a portfolio lender about a year ago. My intentions were to build a relationship with this small, local bank in order to cash-out refinance some properties down the road. Basically what B...
Brian Willie
2nd Position HELOC Questions
Hi,Does anyone have insight into the max LTV that can be borrowed on a 2nd position HELOC? On a max LTV what is the typical DTI and required credit score? Thanks!
Bridgett J Bell
DSCR Loan docs question
Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...
Ben Saad
Buying vs renting in San Diego
I have been looking at a ton of places for rent in San Diego and the rent is ridiculous and typically less than just buying a place and paying the mortgage. Any thoughts on if it’s better to buy in San Diego than to r...
Jason Kang
HELOCs, Home Equity loans, etc.
Hey all,I'm at the stage of securing my finances as I start to explore markets and look for an investment property. Given that I'm still young and have limited resources, my parents have been generous enough to offer...
Madeline Lamour
Esrimation of closing fees
Beware NH investors,Hello all, I am moving to NH in a few weeks and I have been studying the market and running the numbers on a few properties. I am on BP almost everyday, whether it is reading articles or listening ...
Nick Barberio
IS SUBJECT TO DEAL POSSIBLE WHEN SELLER NEEDS ANOTHER MORTGAGE??
I am a real estate agent on Long Island, working with a buyer who has $150,000 to put down and is looking to maintain a $4,000 monthly payment (between principal, interest, taxes, and flood insurance). I found a motiv...
Jeni Lu
Loan for a house owned by LLC
Hi! I have a rental house that is owned by an LLC. I was told by one bank that I would have to get a commercial loan because the house is owned by an entity, and not a person. How do commercial mortgage loans compare ...
Leah A.
Condemning a house
Does anyone know what happens when a house is condemned when the owner holds a mortgage on it? I read that the government (village in this case) takes ownership and pays fair market value to the owner. Is that still a...