I planned to assume the FHA Mortgage and then rent it out. Going through the paperwork from Chase it says Investors are unable to assume FHA mortgages or it will be accelerated and the total amount will be due. Can I ...
Hello everyone,In North metro Atlanta here I was looking through the listings on BackPage and seems like they are all by some type of investor or RE agent. I read about this BackPage site when researching ideas on who...
Question so if I just move somewhere and want to buy a complex for let's say 10 units and listed at 500k. 13k a year I'n expenses and 70k in profit before mortgage. And its 90% occupied would the bank approve since it...
Hi everyone! First post and new here, I've found that RE appraisal really interests me. I have been looking into licensing and most references state that you have to follow a licensed appraiser for a certain number of...
So, I've seen posts run the gamut here on Biggerpockets when it comes to how Fannie/Freddie calculate your DTI including your rental properties.
Let's say, for arguments sake, I have 1 rental property which grosses...
I have this conversation frequently with investors investing in mortgage notes and private lending. Many people will look at the interest rate or even the yield to determine which is a better deal. But what many forge...
Hello BP Family, Does anyone have experience working with Lake Group Media? I'm looking to connect with some accredited investors on a multifamily opportunity I've come across and (supposedly) Lake Group Media has the...
Hey, I've been working on a strategy to get some more properties under my belt, and wondering what you guys think of it. Am I giving away too much? Not enough? Wasting time?
Basically, my plan is based on three prem...
Hello - I found a very compelling investment property and the agent and her preferred lender are suggesting that the VA loan currently on the property is assumable by a real estate investor. I've asked for the loan de...
Hey BP,I received an appraisal back below purchase price and realized appraiser used initial offer and not the accepted counter offer on the appraisal report. Now there is an appraisal gap of 10k. I spoke to lender an...