Justin Holley
New .5% fee on Fannie and Freddie Backed Loans
This new Fannie and Freddie fee of 1/2 of 1% of the loan value is going to be a bummer for BRRRR. However, this will have a far greater oppressive effect on low-income families. If you feel this new fee is out of li...
Jose Aguilar
2k monthly mortgage, wheres the cash flow?
Hi, I'll make this brief. I have no assets but am planning a future in real estate. I research occasionally and build scenarios in my head to see how purchasing proprieties will result in cash flow. This most recent s...
Bobby Nilsen
Seller willing to get creative with financing, any ideas?
We have a seller that is willing to get as creative as possible with seller financing, lease option, or whatever it may be. Outside of that we are trying to see if there are any other creative financing ideas that may...
Herschel Kessler
Getting Creative with SFH Rentals in $30-50k Range
Currently own two SFH that we purchase with cash (and some zero APR credit cards).In the process of getting them both mortgaged (conventional route). I'd like to hear different methods of financing. I want to have a b...
Sheltocks M.
Should I pay the water bill to close this deal?
Hi BP Family:I'm in contract for a house in Trenton NJ. The title search shows that the water bill is outstanding for 2K and the water to the property has been turned off by the city of Trenton. The appraiser has a co...
Account Closed
I don't understand Refinancing
Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...
Kevin Larson
Selecting terms for a loan
I just had an offer accepted on two duplexes. This is my first purchase. I am now talking with a mortgage broker who is presenting me several different loan packages. I am putting 25% down each duplex, looking at a ...
Gokhan Cukurova
Refinancing my home for the first time
After becoming a member at BiggerPockets I got hooked like most of you and I became a pro member just last week. As I'm trying to learn and put my finances in better shape I am playing with the idea of refinancing my ...
Patrick Kane
Financing After Cash Purchase
I know everyone talks about lenders wanting seasoned MFH that is rented for 6-12 months before refinancing; however, are there rules of thumb for cash out financing/home equity loan on a cash purchase SFH? Looking at ...
A W
Bid price discount in North Carolina?
I am trying to bid a couple HUD properties in NC. As I am a newbie in HUD property, I wonder what is the realistic price I should bid in NC for HUD property? I read 70-90% of the listing price and it varies from regio...