What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop?
Today, Josiah Smelser returns to ...
Elie Merisier
Which Loan Option is better for Househacking?
Hi. I hope you're doing well while reading this.
I am looking to HouseHack a multifamily property. My credit score is above 740, I'm a first-time home buyer, and I recently graduated college. My DTI is roughly 25%. W...
Chris G.
To Refi or Not to Refi
Hey everyone!Here's the deal. I have looked all over and crunched the numbers and wanted to see what the overall consensus is on a FHA to Conventional loan to get PMI removed. Since I put less than the required amount...
Ankit Rathore
Points buydown vs principal reduction with seller's credit
Hi, I got around 19k seller's credit for a house of 775k. I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing...
Scott Russell
Fix and Flip - Need advice keep or sell
Purchased the house with cash (3bd/2bth). The renovation cost was half personal money other half HELOC from other rental. The carry over cost with utilities and HELOC interest payments is about 1k a month. I still hav...
Ryan Dunn
What rates are you guys on DSCR loans
Have you guys noticed the rate drops on the DSCR loan side? Or do they keep them higher now thats the 30 year conventional is dropping.
Erin Murphy
DSCR for first time homebuyer?
I’ve heard a few lenders say they can’t help a first time homebuyer with DSCR. I’m a first time homebuyer looking to purchase a single family rental property in NJ. I’m self-employed, so most likely won’t be approved ...
Pete Fiannaca
Need to make a strategic next move...
Hey Folks!Last week was HUGE for me as a new investor, having closed on my first cash out refi of a small SFR I bought about 9 months ago. Numbers were great as I ended up out of pocket about $15k for a down payment (...
Mohammad Ibrahim
Tough Times Tough Decision... Any advice Please?
$150k Needed for emergency medical expense my options are...A) List 1 rental which is mortgage free C rated property? or B) List 2 rentals both have a mortgage B/C rated?*All 3 units purchased same year *Option A woul...
Carolyn L Delli Santi
House Hacking with an FHA loan
I am considering an FHA loan and House Hacking a property. Only issue is that the 3.5% down payment plus the monthly PMI bring the monthly payments way up, vs a loan with a 20% DP and no PMI where payments are much lo...