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Results (6894)
Precious Thompson Still no longer stopping someone from qualifying for a mortgage
8 August 2020 | 4 replies

Hi, I know someone who is interested in buying a home but says that her student loan debt is affecting the process. I am aware of the key factors the debt to income ratio plays in getting a mortgage is there anything ...

Will Barnett The rate freeze
16 December 2007 | 15 replies

What is your opinion?

Personally I think it is a terrible idea. It's just gonna slow the bleeding, at least until rates adjust again and we are back in the same situation. I swear, when I hear Bush promoting it I g...

Chris Fethke Pulling money out of my 401k
18 May 2016 | 20 replies

I want to take funds out of my 401k to help start my first investment. I will be paying back into my 401k over 3 years. Will this be a wise decision? Is there a way to take funds out without getting hit with taxes?

Mohammad Haidarasl Pay off student loans versus invest in real estate?
27 January 2023 | 19 replies

I'm back on BP after a long break. I have a lot of federal student loans (sigh) that is currently sitting around 200 grand. I do want to invest in real estate but with such debt, I'm unsure if it's smarter to get star...

MIke Williams Tax question (sell from an LLC or quit claim sell as an indiv)
10 October 2018 | 14 replies

Hi my business partner and I have a 2 family in OH.

Having a devil of a time getting a cash out refi because the post rehab value is only about $75k.

Decided to go another route ...
My thoughts are to withdraw from ...

Ken Ebbitt Sample Promissory Note Agreement
30 May 2018 | 1 reply

Hey there.  A friend is buying a home to rehab and flip and he is looking for financing.  He is offering 10% annual return and expects to flip the house in 9 months.  His brother is a contractor and they have flipped ...

AJ Wong Why large Investment Property HELOC's are hard to qualify for and what to do instead
18 August 2024 | 3 replies

We've seen tremendous interest from investors seeking larger balance investment property HELOC's or home equity lines of credit. Understandably, investors are looking to tap or access increasing equity positions, many...

Gabe K. Pay taxes before selling reperforming note?
20 April 2015 | 6 replies

Team, I have a note that is reperforming and now seasoned and I am going to sell it. The borrower is way behind on her property taxes and is not in a financial position to pay them.  My question is: do I pay all the p...

Joseph Scorese Explaining the Loan Process - Mortgage Underwriting
20 November 2015 | 3 replies

Explaining the Loan Process - Mortgage UnderwritingPlease note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters.Your mortgage...

Demjan Van Der Kach SAFE act / Dodd Frank, seller financing, "de minimis" exception
30 October 2016 | 15 replies

Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...