Shari B.
When am i bound to go through with a refinance?
I am shopping around for a cash out refi on a rental property and have a couple of very good prospects. Conventional loan, excellent credit and reserves, nothing owed on the property and the property is seasoned. One ...
Imad M.
HML Fail! Sherman Bridge Lenders
I have a HUD property on contract which expires on 1 Dec. I had 45 days to close. Since this is my third property I chose not to go with a conventional loan. I assumed banks wouldn't want to talk to me anymore. Plus I...
Alex Nelson
Should i disclose rates of competing lenders when shopping around
Hi Guys,I just got under contract for my first duplex and am exploring my loan options. I've decided to go with a 15% down conventional loan. I'm shopping for rates and one lender has offered me a 4.5% interest loan. ...
Armani Diaz
Points on an investment loan??
So I’m acquiring a duplex and my lender gave me a 4.125% and is trying to charge me 1.582% in points. I also own other properties so they are saying this is normal once you are reaching loan capacity. Is this normal t...
Andrew Neal
Be your own hard money lender through your own LLC?
So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
Kevin Smith
No Money Down In Practice
Hey BP Community,As a new investor, I'm looking for some clarification on financing deals. There's a lot of discussion around partnerships, private lending, and hard money, but I don't see much discussion on the actu...
Hector I Rodriguez Montanez
How much should I pay for appraisal?
Hey Bigger Pockets Community!
Im in the process of buying my first home/investment property with VA Loan.
I already tried to buy a house but the appraisal came up lower than the price of sale and the owner wasn’t w...
John Roesler
Fast Funding Inc - experience?
Anyone familiar with Fast Funding Inc www.fastfundingsinc.com ? Looking at their loans and got an offer for 3% on a loan to purchase an investment property. I haven't worked with personal lenders before - is it typica...
Juan Lopez
Paying a fee to lock my Interest Rate
Hello all:As you all probably have already seen, interest rates have gone up in the recent weeks. Im in the process of getting a new property. Im getting it with a conventional loan. However, I got a called today say...
Andres M.
No loan under 100k because of safe harbor guidelines? Need advice
I called a conventional lender to get pre-approved for a loan for an investment property (in OH). The asking price for the property I had in mind was $70k with a 25% down payment of $17,500 which means the loan amoun...