Scott Meredith
Refinance after rehab
I just finished a rehab on my personal residence that will become a rental; I added two bedrooms and a bath. My question is I got the final inspection done yesterday and was wondering how long I have to wait before I...
Jason Renda
HELP! N one wants my money (Mass/NH)
ok well I'm sure SOMEONE would gladly take it. I just started my own freelance web design business and now have no W2 so conventional loans are out. Hard money eats up all the profit. HELP!I finally have cash (and ...
Thomas Corso
Seller finance legal fees
I am finalizing a seller finance deal. The seller wants my side to pay for all legal fees such as drafting the mortgage and note. I stated I am more than willing to pay legal fees but i would like to pick the attorney...
Robert Reineri
Questions about buying subject to
I have a couple questions regarding subject to purchasing. With interest rates rising it seems like a good time to look into this option.Does a deed actually change hands when purchasing this way? Is the seller going...
Pari Thiagasundaram
How to track a performing notes tax lien
I purchased a performing note and it looks like the borrower has not paid the property taxes in 2.5 years. How do i track this property before it hits the tax sales? Is that automatically tracked by the servicer ?
Arturo Ceballos
Thoughts on Home Style loans for buying and holding. BRRRR
Hello,I’m a newbie in the RE world and I’m just now starting my journey. My goal is to buy and hold single family homes and build a portfolio. Iv been educating myself on the BRRRR method as this seems to make the mos...
Pamela M.
FHA Loan/lender issues
Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark). This has been an ongoing saga. I was aiming for 5% FHA which I was approved for. But there were so many silly issues...
Vicente Pinto
buying using 3% down
Hello BP community,I am thinking of buying a property using the first time homebuyer system so that I can enter the property with 3% down. But before I can do it, there are some questions I have: 1)I am thinking of bu...
Krishna Rayapudi
builder threatening to sell to someone else while under contract!
-I have a house(primary residence) under contract that is being built and bank wants it 100% complete to process the loan. Builder is getting frustrated with the delay as the bank would not escrow money for unfinished...
Account Closed
portfolio lending on first property
I am looking for my first property in Chicago. To my understanding, conventional loans have lower interest rates, but you max out quickly your capacity to use conventional loans. With the idea that I'll need to go the...