Mark Perea
Bank recalling a loan
What are the questions I should be asking the lenders. I’ve herd of people getting their loans recalled back at a moments notice.I’m just very cautious. I am going too the closing table next week.
Kris Haskins
FHA Appraisal came in $40k low, what should we do?
We have a house that comps at $200k, and have a 3 month old appraisal that backs that price up. Our buyer just had an FHA appraisal that came in at $160k. We've tried to give the comps from the $200k appraisal to th...
Benny Ng
How do I verify 50% rule?
My goal is to purchase a multi-family and owner-occupy one unit. This will be my first home purchase. I've been using the 50% rule up until now to get an idea of what the CoCR would be, but I'm seeing some huge differ...
Dan Tran
Is it possible to get lending for CRE while unemployed?
As a total beginner, I have been reading about CRE investments and understand that banks will typically lend based on the property value, tenant (assuming national grade or reputable tenant), and/or the value of the l...
Lesley Whitley
Do I need a new lender? BRRRR refinance only on purchase price?
Am I missing somethiing? I just completed a "mini BRRRR" ... my SFH needed more than just cosmetic and less than a total rehab. I paid cash up front. Spoke to my lender today about refinancing and she told me the l...
Susan W.
Need appeal strategy on $2000 fines from Condo Board
Hi,I immediately called the management office after seeing $2000 fines on the monthly bill. They said 2 notices were mailed to my apartment, but I didn't get any of them.On the first notice:1. Tenant moved in without ...
Jaden Ghylin
Loan Limit on 30 yr products
I have a client looking to refi and I could use some help.
I hope there are some loan experts here that can help me out, because most loan brokers are not accustomed to working with RE investors.
I am t...
Spence Rodman
10 Mortgage Limit Problem
I have recently purchased a house that i have moved into. I purchased it using my business line of credit from a local bank who holds the mortgages to many of my properties. I intended to refinance the loan on a 30 ...
Kevin Macdonald
how should i refinance my first investment deal to pull money out
I purchased a investment property which was never completed. Because of this I had to use equity from my primary residence to fund the original purchase plus cost of finishing the project because no bank would giv...
Ryan Dossey
Can we turn this into a deal?
Back Story: Grandma has Alzheimer's. Her granddaughter took her in. They haven't gotten guardianship but are working on it. (cost is $400) The home had new windows, roof, and gutters installed around 10 years ago. Gra...