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Any advice for new landlords are welcome! Thanks
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Hello Everyone!
I am placing a offer on a Fannie Mae REO, offering a 5 day close and all paying all cash. Has anyone come across the stipulation of investors having to wait 14 days until our offers will be reviewed, ...
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Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
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I just came across Auction.com and wondered if any one from the BP community has ever purchased property from the website?
I seen a few properties I was interested in. Are pretty much all the properties bank owned a...
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I have 30K a mediocre job and a credit score of about 630 what should i do. My plan was to buy a cheap foreclosure, hud or fannie mae home for maybe 25K and use the 5K left for remodeling and use this method until my ...
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So, I finally got the knowledge to start investing, and I decided to act on it. I started an LLC, and went to a local REI club meeting. I found a nice Fannie Mae REO property, and I called the listing agent. He tol...
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Hello everyone! I’ve been investing SFH and townhomes in North Carolina for a little while now and would like to take the dive into multifamily. Specifically looking at small apartment complexes (8-14 units). For thos...
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My girlfriend is trying to get a primary residence mortgage loan with a low down payment, and has decent income, however she is running into trouble securing lending because she has both a 1099 job and a W2 one.
The ...
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I just got approved for a mortgage in Humboldt, California.
It was an absolute nightmare with self-employment income being verified by fannie mae/freddie mac rules, and not being able to use income from new LLC's I h...
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Has anyone dealt with PenFed FCU in regards to a line of credit on an investment property? They just denied me because they said my properties are showing a loss on my tax return and can’t use my rental income to off ...