Cody Ronk
Multifamily Commercial Loan Assumption
Hello All,I am currently planning a move to Chattanooga, TN, from South Korea. I am doing some "window shopping" on apartment complexes there. Below is a link to a listing for a 42 unit apartment complex with an optio...
Robert Jon Vermeer
Reverse Mortgage and how to make an offer???
Ok, I have a possible flip but do not know how to evaluate what to offer to pay for the house? What is the payoff on the reverse mortgage taken in 2014 in the amount of $112,500.00. The present ARV of the house is 140...
Vivek Jalahalli
Using Credit Card Balance Transfer as Down Payment
If I get balance transfer from 3 cards totally $30K and then add up my personal savings of $30K , totaling $60K to make a 20% downpayment for $300K rental investment.Does banks have problem providing mortgage loans ?...
Account Closed
Reverse Mortgage Short Sales
I'd like to hear from anyone who has successfully worked a short sale with a HUD insured reverse mortgage. Not all reverse mortgages are HUD insured, but in my farms easily 90% of RMs made during the Bubble were HUD ...
Jonathan Pflueger
Will a HELOC affect my DTI if I have a Zero balance?
BP's, I am looking into getting a HELOC on my primary residence and I was wondering if it will effect my DTI ratio when I go and apply for a conventional or commercial loan in the near future? For instance: If I get a...
Chris Davidson
What is a Balanced Market
Everyone has heard something along the line of less than 6 months inventory is a sellers market and more than 6 months is a buyers market. My question is has this changed?
This made sense historically, but as the res...
Gabe K.
Note Success Story via Loan Modification
Hi Fellow BPers,This is a success story about helping homeowners and profiting from a non-performing note backed by a 1st mortgage in Washington, DC. Here is the story:The homeowners had a difficult 2011 when they bot...
Erik Cardero
Pay down debt to improve credit or use money to purchase propert?
My credit score is low 590 I saved 7k and should be at 15k in 3 months ,why is the best approach? Am I able to purchase anything with subpar credit?
Shelby LeBlanc
Sheriff sale for HOA with existing mortgage balance
I have found a SFR going to be offered at a sheriff sale for the delinquent HOA fees ($5488). There is also an existing mortgage with a balance of approx $250K.I don't understand how this works. If am the high bidder ...
Luke DeLaVergne
Lending guidance for refinance
I’m having a difficult time finding a lender who will refinance my SFH in KY. Bought with cash, ARV $90k seeking to refi $60k. Credit score over 800. Some lenders offer ARM and Balloon loan options, but not fixed rate...