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Hello All,I am new to the mortgage note industry, and would like to know if anyone would be kindly recommend any good note conference convention?Best,Kyle
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Hello,I'm putting together a deal for which I need advise from the great minds here.Deal details:Purchase: $232,500Estimated rehab: $15,000 (flooring, paint, and bathroom door)ARV: $310,000Since the rehab work is very...
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Hi, Can anyone explain the difference between jumbo and conventional loan?What is the limit for jumbo loan?Is it good to go with jumbo or conventional loan?
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Looking at a house that is selling for $80k. My guess is it needs about $20k in renovations. Final value will be about $135k. I'm interested in doing the BRRRR method as I think this will be better off than flipping b...
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Hello all,
I am looking to get into my first house hack within the next couple months. All my research has led me to believe an FHA loan would be the best option. Upon talking to a lender, they informed me that I cou...
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I am in the process of reviewing 2 duplexes owned by the same landlord for my first buy and hold deal. I originally went to a local bank to get preapproved and that came back fine for the dollar amount. When I asked i...
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Hello I am trying to get a sense of what a reasonable rate for a conventional 80%LTV loan would be (ballpark). I'm looking to buy out of state rental property. 20% down from my HELOC. I have excellent credit and I w...
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Hi BP, I am in the process of bidding on a HUD home and applied for an investment conventional loan pre-approval. After receiving the pre-approval I was informed that I can't flip the property and I would have to hold...
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Let's start with a hypothetical scenario
I purchase a house at 213k with 20% down
The loan was 170k 30 years fixed
The loan with interest is at 307k
After remodeling the house it's now worth 265k
If I decide to ...
Hey All,I currently own a 2-unit Multi family and living in one unit. I purchased the house under FHA loan. I purchased it in 2013 for 185k and it was appraised right at 185k. I currently owe 171k in principal. I was ...