Richard Montoya
"Subject to" - Changing insurance policy to access loan records
Listened to BP episode 065 with Wendell De Guzman
In his strategy for "subject to", he mentions that in order to access loan information, without triggering the "loan due" clause, he has the current owner, ad...
Theresa Nguyen
Real estate license in different states
I am unsure where my hubs' job is going to relocate us in the coming years. If I were to get my real estate license in my current state and move to another, what does it take to get re-licensed in the new state?
Justin Bell
Purchase a rental using an LLC
Hello,I've found a good deal on a potential rental property but wish to purchase it using my LLC. This feels like a basic question, but how do I obtain a loan using only my LLC and keep my personal assets separate in...
Jimmy Wen
Lost rent due to coronavirus - what financial aid can I get?
Hi all,
I recently bought a duplex but couldn't find any tenants due to the Coronavirus epidemic. What type of financial aid am I eligible for? For example, would I be eligible to apply for SBA loan?
Best,
Jimmy Wen
Hal Cranmer
US Mortgages for Foreign RE investors
Hi,
I have been corresponding with an investor/wholesaler in New Zealand via Skype. He asked me if there is any US mortgages he could obtain for RE in New Zealand. He is very jealous of our interest rates. ...
Guy DeBoor
Sell, Rent, or ??? What advice would you give?
Hi all,Looking for suggestions on what would be a good approach to handling this scenario.Young couple in their early 20's bought a HUD house last year. After renovations they took out a fixed rate mortgage at a good ...
Rich Ramirez
FHA guidelines for Rehabs
Hi BP Community:
I'm pretty sure I'm understand correctly -- if one was to purchase a home with an FHA loan, there's a 12 month minimum to hold on to that property. However, if one was to sell one's property to an FH...
Juan Carlos Gastelum
Origination Fee for a Commercial Property Loan
Do all these fees apply for the same transaction?Fee Structure
Lender’s Fee: A percentage of the Loan amount paid by the borrower to the lender
Lender’s Commitment Fee: This will get paid by the borrower to the Lend...
Charles Washington
Credit scores eligibility
Hey guys give been watching my credit pretty closely and id like to apply for the FHA 203k loan If two bureaus are reporting well over 580 but one is just shy, should I still apply?
Rob Eidson
Vacation Cabin - Title transfer and Equity Loan
Hi everyone. I am in the process of purchasing my family's long time vacation cabin from my Dad. Its a small cabin located in Linville, NC. The property is probably worth $50K-60K but my Dad is giving me a great...