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Good morning BP!I am a new investor trying to figure out an innovative way to fund my first investment property due to a lack of capital. I currently live with my boyfriend in a house he owns, and I have been told by ...
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I've been a big fan of Mint.com for years. It allows me to track everything I have, categorize, export, and graph. I can set budgets and goals. It has a smooth browser and smartphone experience. It syncs real-estate w...
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I've love to hear any opinions about the long-term (15-20 year) real estate appreciation prospects for Portland, OR. I'm not really an investor, but do own one single-family house in a great inner east-side neighborh...
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Hi there,Just got 2 supplemental property tax bills for a house I purchased earlier this year in CA.Anyone know if lenders typically allow the use of the money from an impound/escrow account to pay for these or on my ...
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Please share any successful principle reduction situation you experienced. Is this really possible? Bringing down loan balance to current market value?
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Hello!
I am working with a family who wants to sell their home and it has a reverse mortgage with Wells Fargo. I will be purchasing the home with cash and it needs A LOT of work.
Basically, the house i...
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I want to obtain a HELOC to have funds for investing purposes. I shopped around with 3 different lenders and found they pretty much provide the same product/credit line (80% of Property Value - Existing Mortgage = HEL...
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Hi - I am looking for an advice on whether or not choose Home Equity Loan or Line of Credit. I understand the basic difference between these two financing options. What I am trying to do is to borrow enough from eithe...
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Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
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I've reached the point where I'm out of personal funds to get 20% down. I've heard/read people that are using LOCs to fund their deals, yet no specifics.Can someone provide an example with numbers showing how they use...