Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand. Seeing this I do notice young people in...
I have a client that I am working with here in Boston, but he is interested in a property out of state (Ohio) and they are having trouble securing financing. They have great pre-approval here in MA but keep getting t...
Good Morning BP, I've been searching the forums in hopes of my answer but no luck, yet. This is my loose understanding: I was told by some investors this weekend I could borrow the equity in my investment property to ...
Looking for expert legal and tax advice - Just found out I could potentially borrow in another country with a very low rate and have been thinking about how to put this opportunity to use while having a proper legal a...
Hi everyone. I’m on my 3rd flip but still have plenty of questions. I’m in the process of buying a gutted 3/2 for 290
rehab 75
sell 550
I have just enough cash to buy it and rehab half. Is it better I borrow more...
For most loans with multiple borrowers, Fannie Mae will no longer use the representative ( = lower) credit score to confirm mortgage loans comply with their minimum 620 credit score requirement. For these loans, Fanni...
I have spoken with a hard money lender but am still a little confused. He wants me to a joint venture which means he will fund the project 100% and do a 60/40 split if i get it done in 4 months. If it takes longer it...
I own a property and am looking to borrow against it. Funds will be used to consolidate debt and invest. It's in my LLC name and wish to keep that way. sugggestions?
Hi guys,
I was hoping someone might be able to answer this for me. I live in Vancouver BC, currently investing in Windsor, Ontario. I bought my first rental property there last year and its doing very well. Now, of c...
My fellow Borrowers, the question has been asked over and over again, what protections do we have against foreclosure? We all saw the Emergency Rules of California Rules of Court, dated April 6, 2020 stays all judicia...