Patrick Rich
PenFed line of credit issue
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 ...
Kyle Soderman
Financing small multi-family with low money down
As far as I have found with my research, there are not any lenders who are doing low down payment options for non-owner occupied 2-4 unit properties. If you have found financing like this, please let me know!I do not ...
Caroline Gerardo
Safe Without Title Insurance?
Fannie Mae and Freddie Mac are searching for methods to open homeownership to low income borrowers. (This is not for investors) There is a trend to use attorney opinion letters rather than title insurance. The title i...
Vangie Gal
REO Property 140+ Days on Market
I have been monitoring a property which has been an REO listing for over 140+ days. The bank foreclosed on the property in November 2013. It has been listed by the bank and had a recent price reduction the beginn...
Jim Goebel
Using a HELOC; impact on Credit Score ? Bummer
We use MINT.com, which is nice.According to MINT, what is largely dragging our credit score down (it's a 758) is credit utilization.That's a few credit cards here and there but predominantly our HELOC is 60% utilized ...
Ben Quereau
Upset Price vs. Debt Amount - What Ratio to target?
Please bear with me on my first post on here. I attended my third sheriff sale here in Chester County, PA today. I have a few questions that I still have not figured out after reading 4 books, reading this forum, an...
Steven S.
Real Estate Opportunity... Am I Financially Stable Enough?
Hi all,
Tl;Dr: I'm recently graduated without much saved up. A 1/1 condo that's been in the market for a while drops to 100k with 350ish HOA, ~1350-1450 potential rental price. I'm about to be debt free, but don't ha...
Bradon Grondel
What qualifies for new Fannie Mae 5% Multifamily?
Hello, I am looking to house hack near Tampa/St. Pete area and have noticed it is pretty hard to make cash flow let alone break even on multifamily properties out here. As a result I’ve been looking at houses with in-...
Braeden Cobb
Looking to purchase a multi-family investment
Hello! I am looking to buy a multifamily home in the next year or so and wanted to hear some thoughts on a few things. How well do small value add projects benefit the investment outcome in your experiences?What citie...
Andy Mink
1st Cash REO Purchase, advice?
Im looking for any advice for steps to take before making a cash offer on an REO Ive been looking at. Is there any possibility of tax leins or second mortgages etc still being on the property? The property is priced...