Cassandra J.
How do you compare conventional loan options?
Soon I'll be obtaining my first mortgage. I'm going the FHA route.I've done A LOT of shopping around. As I work to narrow in on my lender of choice, I've been surprised by how much the loan detail varies between them...
Rob Myrick
Cash-Out Refinance Advice / Review
Hi, I have a cash-out refinance on my 4-family investment property, approved and ready to go with my current 1st Mortgage lender. Carrington Mortage. Total loan costs are $6,302. I would like to know if these are un...
Jacob Thorpe
National hard money lenders manufactured new construction QUESTION
I wanted to ask the lenders who are doing business across all 50 states, what challenges have you encountered with lending in new construction when it comes to manufactured homes? What deals are you passing on? What d...
Rumi Velazquez
What is your strategy for selecting a lender?
I am working on my first deal in St. Louis and seeking guidance on how to best select a lender for my first investment property. I have ~$20K for down payment and thinking I can purchase a property between $100K-$150...
Mike H.
DSCR - why don't all lenders calculate the same way?
I gotta ask. Why in the world do all these goofy commercial lenders use DSCR calculations as part of their guidelines yet so many of them calculate it differently?Why don't the moronic lenders just change the dscr num...
Adam Craig
Renting office space from myself. How much to charge ?
We are closing on a 7 unit office building next week. The building is completely vacant so I am purchasing it with private investors funds. I'm going to do about a $20,000 rehab then get at least up and try to refinan...
Alfonso Valcarcel Cruz
The Book on Flipping Houses
Hey guys so I'm here in a section of the book were J Scott is covering how to run comps and in one particular section he goes through adjusting your comps. He mentions how in his area an extra bedroom may be worth abo...
Eric McLaughlin
Cash out refi appraisal issues...
I want to preface this by saying I'm very new into real estate investing. I purchased my current home and started rehabbing and improving with my own credit and cash and the numbers listed below aren't ideal for a ty...
Colin McVeigh
Availability of conventional financing on investment properties?
Hi all! Newcomer around here but wanted to survey the community (which has been incredibly helpful to me). Have folks noticed a drop in the availability of conventional financing for investment properties since Fann...
Orlando Goodon
First deal...$25k closing on $300k house??
Buying my first deal. A house in US Virgin Islands for short term rentals. With $30k down on $300k house, they are saying we might need $25k in closing fees. Sounds like "we need 20% down but want to trick you into th...