Emily Smith
Declining Mortgage Rates
:welcome: Hi,
After the unexpected fall in mortgage rates, there has been no change in the average 30-year FRMs, which closed at 6.35%. Average 5/1 ARMs, on the other hand, fell by four basis points to close at 6.14%...
Casandra M.
Is it legal to terminate lease due to depleted Security Deposit?
My husband and I are considering accepting Section 8 again at a few select properties. We originally decided to no longer accept Section 8 because of damage at properties that we purchased with Section 8 tenants inhe...
Samuel Willis
Unique funding question
My name is Sam in Brunswick GA. I am extremely interested in getting started in rental property investing. I have even identified what I believe to be a profitable deal. I am looking for advice on funding due to a uni...
Mark Spritz
Income checks in Fanny and Freddie. Why, all have to hit?
So, if we were to use a traditional mortgage route to buy a Rental Property, the underwriter will have to check you income from job, others, as well as credit, amount of money you have and also any assets. Each one of...
Maurice George
Hud Homestore inventory removed for months, what happened?
Hello folks, It looks like HUD removed inventories on HudHomestore.com due to HUD will get a new assets manager. It has been over two months and inventories are still unavailable. What happened? When would inventories...
Nick Hosmer
Struggling with debt to income ratio woth banks.
Hello everyone, I live in upstate NY with a very good rental market. I currently own 2 rental property’s, along with our home now. My rentals cash flow pays for all 3 mortgages with a couple hundred left over. I’m cur...
Account Closed
Fitch RMBS Report - This is seriously depressing
Check out this report on residential mortgage backed securities (RMBS) that came out on Oct 5.
A few things that it says is that delinquencies continue to increase at all time highs. Liquidation timelies continue to...
Dilini Sundaram
Conventional Loan OR refinance existing property?
Everywhere I look I see investors using the BRRRR model. I purchased properties in cash just to pilot my real estate endeavor with minimal risk, but now want to start leveraging the bank. Property I bought for 178 in ...
Jameson Gowin
Line of Credit on Investment Property
Trying to get my head wrapped around the "line of credit" on a rental property. I found a bank that would do a LOC on a paid for rental property. My thought was to have a LOC just as "available" funds vs cash out refi...
Billy Brown
Self directed inherited IRA SECURE Act
I have been reading about advantages of using self directed ira/ solo k. What I dont understand is that for an inherited Ira, how does this work with the changes in the Secure act? I must deplete my account by the end...