Vy Mai
Confused with the estimated Total Monthly Payment
I've been trying to contact my lender but haven't gotten the answer. So I'm reaching out my BP members :)My questions is based on this estimation, is my monthly paymnet $1070.42 or will it be $1070.42 + $285.15= $1355...
Matt Roghair
Can You Hold A Loan Officer & Real Estate Agent License?
I've had this question on my mind for quite awhile and need to put it out there. I'm currently a full-time mortgage loan officer at a local bank here in Ames, Iowa. I gained my degree through the University of Norther...
Jenny Ng
Unable to understand…please explain
Hi, please explain the information at the end of the post to me as I cannot sleep thinking about it. My lender is not returning work for a few more days so I wanted to ask this group about seller concession on a conv...
Patrice McCloud
The $125,000 HOA foreclosure purchase??!!!!
I have been following the recent trend of investors buying properties in the form of a HOA foreclosures. The final judgment may be as low as $1,000, but the final auction price would be in the tens of thousands. My ...
Scott Szurek
PMI on less than 20% down, but LTCV >20% with appraisal
Why does the consumer (loan holder) still have to pay PMI when the property's LTCV is 20% or greater after the appraisal needed for the loan. I bought a property for $210,000 and only put 10% down. It appraised for ...
Paul Kucera
Building A Team
Hey everyone! I’ve been learning all I can about investing into real estate for a few years and I’m finally in a position to get started. I’ll be looking to house hack up to a 4 unit so I can still use my VA loan. I’l...
Wendell Carmona
Physician Loan vs. FHA loan for duplex/triplex
Good Evening everyone!
I have finally finished my residency and will be starting my first job in Buffalo, NY this upcoming August. I am interested in purchasing my first home now that I am no longer a student/residen...
Josh Justiniano
When calculating IRR...
When calculating IRR should I account for equity accrual? Or do I only account for initial cash outflow and cash flows without principle pay down and appreciation?
Michael Alegria
Real estate appraiser duties
I am in the process of a mortgage refinance.
The refinance mortgage amount is $100,000. The appraisal amount is $245,000. I paid $700 for the appraisal.
. The appraisal was “subject to” installation of water heat...
Eric La Pratt
Additional money to complete large 203k project
I might be in a unique predicament and thought to reach out here:I am wrapping up a co-owned 203k project that had some large surprises during construction and, now, is over budget and we need more money to finish the...