Jeremy D.
Any advice on RE portfolio and strategy?
Hi everyone- I have been browsing this site for quite some time and finally decided to join. I have been investing in rental RE since early 2009 and have acquired a number of rentals ranging from SFH to 4 units. I k...
Sarah Blesse
Mortgage Subordination Agreement or Non-disturbance
I have a unique situation where a neighbor wants a preexisting easement going through my property moved and is now asking for a subordination agreement from my mortgage company to protect the move. Proper title docume...
Larry Garber
HELOC in third position ?
I just discovered my credit union will not allow the HELOC I applied for to take a 3rd position. Are there banks that DO allow this ?
Naji Saba
Cashflow: Pay Mortgage at Accelerated Rate or Save to Buy More?
Seeking advice! Similar topics to this question have been posted but seem to be more than 2 years old and have nuances/details not related to my situation. Purchased an investment property for $330k (Typical 20% dow...
Austin F.
Land contract vs seller financing differences
This seems like a fairly easy question, but I cannot find the answer to it. Whenever I ask a realtor about "seller financing" they immediately refer to it as a "land contract". I know the two are different, and I thin...
Gary Hirthler
Am I Being Ripped Off By My Lender? (First time buyer)
Our mortgage broker "forgot" to mention closing cost (our bad for not doing thorough enough investigating and researh, AND now trust is a bit fractured) - I'm wondering (I've gotten 5 calls this morning from mortgage ...
Fausto Carosella
Version of FICO score
Hey Lender Friends,
Do you specifically know which version of the FICO score you use for qualification? — i.e. FICO score 5, FICO score 8 etc. — Is it typical for a lender to know or not know which one they use?
Michelle Sharko
Home equity loan
I’m looking to get a HELOC on my second home which I’ve only used for a few rentals, it’s basically our vacation home.
It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation a...
Dave A.
Feedback on numbers for 8 unit CT multi-family?
Hi All,After a couple years of research, I'm finally comfortable that I've found my preferred niche' in commercial multi-family and I'm ready to make my first purchase. Big problem: no multi-family in my area and low ...
AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
Historically, residential US mortgage rates are near their long term averages. I remember in 2003 when rates were in the 5-6-7% range, albeit with more aggressive mortgage terms available to almost any and all borrowe...