Danny Sok
Application process which first??
Hey guys, I’ve been approve for a owner occupant loan. I will doing 80-15-5 loan and I’m actually closing in on a cash out refinance for my current multi family home. Is it best to close out my refinance first then go...
Edward Wiener
Mortgage after a bankruptcy
Hi, I live in Toronto. I went bankrupt a year before and I had to work hard to restore the credit over 700. Now I want to finance our new home, is it hopeless to get a better rate?Can anyone please advise on how to ge...
Julio Mendoza
How to start with $70k in Los Angeles while living with in laws?
Hello,
I'm currently married and my partner and I currently have $70k saved. We live in the Los Angeles area and not sure how to get started. In this area I won't even be able to put a 20% down with that. We are ble...
Abhinay Sandeboina
Rent or Sell my primary residence ?
I own a property which is my primary residence and I am planning to rent out the property for the next 3- 4 years. I have stayed in this property for less than 2 years ( 22 months ) and wanted to understand what will ...
Tony Ton
TAX - Seller Controbution
Hi,I am working on a deal with a to rescue a homeowner from foreclosure. This homeowner dont have good credit and would make a lousy tenant. There is equity in the home and I offer to to pay off the bank note and use ...
Akston Pots
Renegotiating a deal
Hello BP!I recently got a property under contract. I had the inspection done and some unforeseen issues were discovered--nothing huge, but things that will have to be addressed before I can proceed with my original pl...
Michael Cinquemano
Fix & Flip turned Buy & Hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $82,000
Cash invested: $85,000
Started as a fix & flip and renovation budget went to high. My partner and I dec...
Geoff Bishop
Mold Insurance?
Say you want to purchase a property, but you're not sure what might be inside the walls or other areas that are difficult to access during an inspection; perhaps mold, or some wiring issues, or who knows what... Is th...
Connor Williams
Mortgage assumption and Medicare costs?
My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into car...
Jose Galvan
Minimum to start investing.
I want to invest, minimum money down. I currently have an existing FHA loan. And I don’t want to move. Any suggestions on my loan type options? 203k I know has Owner Occupancy rule. Chicago Area.