Ryan Judkins
How get loan for lower priced properties?
I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a har...
Dan Green
Financial Structural Issues
Good morning everyone. I'm stuck in a couple of financial structural issues that I was hoping someone could help me attempt to resolve.
I have 2 duplexes; one I live in with the other unit rented out and the other's ...
J. Mitchell Bernier
Lumber Prices Down almost 50% YTD
Lumber prices on the Chicago Mercantile Exchange(CME) is down almost 50% YTD and down over 9% Year over year. This is another indication that housing/demand is slowing and could slow even further. Not to mention that ...
Aastha Shrestha
Renewing the lease term for the Tenants in CA
This is my first investment in real estate in the California Bay Area. I bought a rental property with existing tenant living for 6-7 years. The current tenants has a month-to-month lease and the rent is very low comp...
Alexus Bell
Creative financing: To HELOC or to not
Hello All, I thank you in advance for any and all of your suggestions/advice. I am a newer investor with 4 doors and I want to set myself up to purchase more properties. I made great decisions during the low interest ...
Blake LaRussa
Adjustable Rates vs. Fixed Rates
Hey everyone!
I have been on the search for a 5% down payment option that excludes paying PMI. I came across a 2.99% APR, 5% down option, with NO PMI through a local bank, however, it is an adjustable rate mortgage t...
Ayyoub Feza
Loan for second rental property
Hi, We have one loan for my house under my name, another loan for a rental property under my wife name. So if we want to buy another rental property who do you suggest to get the loan? Myself or my wife? We have same ...
Don Tidwell
What Insurance do I use?
We have our first offer in and it has been accepted. I have been shopping insurance for over a month. I had General Liability, Builders Risk and am waiting on Flood Ins. to be added. It is higher than we originally bu...
Maddy C.
Cash out refi from HML at 90 days for owner occupier?
BRRRRing a property in Cincinnati, but now considering moving into the home.Are there any loan products that would allow me to cash-out refi at 90 days? I was going to do a DSCR loan to cash-out as an investment prope...
David Mora
Commercial FSBO!!(How Do I Establish Property Value To Make Offer?)
So I Was Cruising one day and Saw a FSBO on a commercial building.So I called the seller and saw the asking price was 395,000. She said she is firm on her price(only said she would reduce by 5k)anyway so i went home t...