Ryan Jacques
DSCR Terms Opinion
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...
Adam Craig
Asking for repair credit on apartment - how much is allowed?
I am looking to buy an 8-plex priced at 325K.I understand there is a strategy of asking for repair credit in order to lesson the amount I will need at closing. So in theory - I can offer 350K with a 25K repair credit ...
Sean Gover
Please advise me on this financing company.
Has anyone used Finishline Consulting for funding? And if so, how was your experience. I was redirected to them via 10billioncash.com. I believe they open a bunch of credit lines in your name then do balance transf...
Kimberly Hamada
Water Sewer bill access from property manager
I'm renting a townhouse in New Jersey through a property manager that has already charged me a,"one time condo fee of 100$." Now he's sending me a bill he typed up for hundreds of dollars saying it's the water and se...
Raheem Johnson
How does the brrrr strategy work?
Hey BP! I’m wondering how exactly the brrrr strategy works & I really need you’ll help!I bought my 2nd rental property (sf)cash from the auction(again) and again used my own cash for the renovation and they both r...
Will Fahmy
FHA Not Allowing Seller To Give Me Security Deposits
I'm using an FHA loan to acquire a duplex. I'm a few days from closing and when the title company sent out the settlement sheet with the security deposits and prorated rents as a credit to me from the seller my bank w...
Julio Gonzalez
IRS Notice N-2023-67 - What You Need to Know
There are constant changes within the U.S. tax code regarding energy-efficient housing and sustainability. Within the real estate and construction industries, IRS Notice N-2023-67 has become a key point.
Why did the ...
Gursewak Singh
Lender/Seasoned investors help
Hello All, I hope everyone is staying safe in this crisis. I do have question, many of you prob have went thru this, hope someone can help.I own 2 investment properties free & clear. I bought one 2 years ago &...
Mike Schorah
Does FMAC/FNMA 10 property limit include joint ventures?
I’ve always heard that you can only have 10 mortgages under Freddie Mac/Fannie Mae. Does this include joint ventures? For example, am I only able to have 10 mortgages if I JV with my girlfriend or could I have 20 mort...
Jerry Stanford
Pre-approvals
When it comes to pre-approvals, is the amount of the approval normally included?? If not, will the lender still accept it?? Doesn't having the pre-approval amount noted eat away at the negotiation??