I am wanting to purchase properties to flip at foreclosure auctions in my area. I have spoken to PML that fund flips and they aren’t sure how to lend for auctions. The issue is funds are due immediately after winning ...
For non owner occupied / Conventional loans do I have to put down 20 % or 25 % ?
Hello,Trying to get an idea of the best sources (lenders) for lowest origination fees and lowest APR for fixed rate loans on 6+ unit multifamily.Thanks!
I do not know much about lenders and brokers and how much rates vary between them. I called my local lender brokerage here in town and I asked what the going interest rate was for a conventional loan for a duplex (not...
I understand the 10 loan restrictions for Fannie Mae / Freddie Mac as it relates to home purchases & refinance options. Once you've accumulated 10 loans, it sounds like the best options on the purchase side of th...
Characteristics of Hard Money Lenders
A bank’s role is to supply financing first by evaluating the borrower and the borrower’s financial state, including taking into account their debt compared to their income, commo...
I've enjoyed learning about general REI and specifically house hacking on BiggerPockets, but I'm also very interested in ADUs. My family owns an all-natural meat farm in Vacaville, CA and I'd like to see if I can set ...
Hello!I am currently in the process of subdividing some land I have to build to rent a 2-4 unit in Worcester, MA on it. How much is the cost to build currently in Worcester, MA on average?Also I am a newbie at this, b...
Does anyone know what the standard salary or compensation for mortgage loan officer for residential and commercial? I understand they vary but is there a standard? I got the impression 1 % commission was about average...
Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...