Dilcia Morales
DSCR Docs Requirement
Hello Fellow Investors,I am excited to be under contract for my first STR property, but I am getting nervous about the many things I'm already discovering. I am surprised that my lender is asking me to access Social S...
Jacob Pereira
Client was accidentally foreclosed on and now gets a 40 year loan. Legit?
Keep in mind that this is second hand, so some of the details might be off, but here's my understanding of the situation. One of my client's loans was sold to another provider, who didn't do a good job reaching out to...
Ed Wood
How the new Jan 10 mortgage guidelines effected buying power
This is a sample with a 4.5% rate 30 year fixed payment qualification includes tax and insurance and $500 in borrower monthly debt (car, credit cards...) DTI ratios at 43% after Jan 10 and 50% before Jan 10
...
Anthony Smoke
My 2nd and 3rd Deals
I haven't posted in a couple of days, but I have been busy. I did a deal with Beckstone Partners to purchase a Duplex in Mechanicsburg, Pa. Beckstone is a turnkey provider that specializes in Solo 401K and checkbook I...
Anthony Smoke
Solo 401K loans - what are the limits?
So I have a Solo 401K plan where I am the trustee, since the IRS allows loans on the Solo 401K to the participant. I have some questions on the IRS rules for loans from a Solo 401K? Is there a maximum term length? (i....
Dustin Summers
Private Lender (Down Payment) + Portfolio Lender Financing
Hey Team
The short version:
Who do I talk to about a deal where I have a private lender providing the downpayment and a standard portfolio lender providing the rest? Do I need to tell the portfolio lender that so...
Marilyn Thompson
USDA Loans for Multifamily
Anyone out there used a USDA loan for multifamily units in rural areas? Success or not?
Pat Arneson
Private Lender Documents
I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --
Loan Documents for Purchase -1. We have the promiss...
Wendy S.
Understanding DSCR or underwriting on investment loan
Hello, BPers, I'm looking at buying a property using its own rental income to qualify as my personal DTI is already maxed. I do have excellent credit with lowest number being 773.Property listed for $100,000 and curre...
Hyeseong Park
Is it true that PPP is banned in PA for DSCR loan currently?
I saw some lenders in PA still do DSCR loans with PPP. And as my property is in PA, I want to hold & rent it with DSCR. Anyone can prove if that ppp banning is true for PA? If so, can I get sources to check?