Bryan Hancock
DTI Ratios For FNMA Loans When Borrower Has Rental Properties
Okay...With all of the threads going around about FNMA properties 5-10 I wanted to clarify how "DTI" is calculated for rental property for both the front-end and back-end ratios for:
1. Rental Property With Mortgage...
Kelly Creamer
Mortgage requirement: 12 month lease. But i want to Airbnb
I am purchasing a new condo and am hoping to rent out my current condo. This will be my first foray into being a landlord. One of the requirements the lender has is that I have a 12 month lease to meet income requirem...
Robert D.
loan agreement cook county IL
Cook county ILI know couple of investors/rehabbers who need short term financing and have free and clear properties. I will prepare a simple loan agreement (and release) that I can record, once they sell the house, I...
Matt Devincenzo
Re-performing note files Ch 7
I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...
Daniel Bernstein
Mortgage wrap deal
A real estate agent pitched a mirror wrap deal deal to me. How it would work is that I would buy a new construction home from Lennar, and I would seller finance the property with Lennar currently they are offering aro...
Michael K Gallagher
Assuming Debt on 56 Unit Deal?
Just perusing Catalyist and came across a 56 unit garden apartment deal in a solid area and the deal mentions the ability to assume the debt vs the early payoff fee on the current debt. Can anyone elaborate on the spe...
Allen Wu
What would you do? Portfolio Strategy Suggestions?
BP Investors,I need your input. Here is a breakdown of my current portfolio. Where else would you invest? Should I hold and start paying off debt or go for more? Should I buy actual investment properties or go in as a...
Jaren Taylor
Financing Apartment Deals
If raising all cash would be my primary method for funding these apartment deals, what would be your guys contingency in order from most preferred to least preferred. And how would that effect your overall plan?
Christian Weber
Cash out refi on primary for DP on investment property
Firstly hello - long time reader and first time poster
Some advice needed
I have 155k (24 yrs) left on Primary mortgage at 4.1% (home worth 320-350k)
If I cash out refi I potentially can take up to 100k out / drop...
Terrence Evans
CA SB 908 Debt collectors: licensing and regulation
Cali folks: Newsom recently signed this into law. Licenses will be required on New Years Day 2022.
YAY! We will soon be like alot of states back east! Joy!
https://leginfo.legislature.ca...