Andres Valenzuela
Hard Money Strategies for Flipping
Hello guys,I am a new inventor that I would like to get started flipping some house at my local area ( El Paso, TX). I have been educating myself thru books and webinars here at BiggerPockets, and I believe that I am ...
Conrad Johnson
Cash or HELOC - what is better?
We have a few rentals, but have been out of the real estate game for a few years. I am closing on my new house in TN in August and have a question. Is it better to have cash in hand (therefore financing that at 3.87...
Timothy Jacobson
Obtaining Financing through a bank or Lender
Good evening all. We are Connecticut investors in the business of buying mulit-family residential properties (2-4), rehabbing and renting them or just simply flipping. I am curious, from a bank/lenders viewpoint, wha...
Julie Mogyorosi
Can I cah out refinance with no reserves?
If I have a 4 unit worth $400k, I still owe $115k on the mortgage… can I do a cash out refinance even with no reserves in the bank? 698 credit score. I would use money from the cash out to make a reserve + buy my part...
Jacob Kline
Negotiating with lender for balance decrease?
If I have a contract on a property is it possible to go to the lender and negotiate the balance down for a cash payoff? The note is incurring daily interest, property is in bad shape, and lender would most likely have...
Casey Dimascio
How much to keep in reserves
I have a three family in Attleboro, Ma. It approximately cash flows 1k a month after expenses. Right now I am putting all profit into a reserve account. How much do you guys have saved for reserves? I was going to sto...
Amanda G.
Mortgage Insurance early removal?
A friend bought a place with 5% down. A recent appraisal says the home is worth significantly more, so his remaining balance is below 20%. Is there an inexpensive way to get the PMI removed?
Chet Mazur
In lending what is called?
I am having a brain fart today so I'm consulting the oracle.If have a 12 mo loan, and they bury the interest in the loan balance, what do you call that?Very typical w/ construction loan such that you don't make paymen...
David F.
Taxes and Loan Applications
Will underpayment of my quarterly estimated taxes adversely affect my mortgage application? I plan to pay them at year's end. Didn't know if that's something the underwriters would know by way of From 4506. Thanks in ...
Jenny Scott
Apply A Second HELOC? Or I should close the first HELOC first.
Hi, all, A few years back, I had a HELOC $150k on my primary property that I have paid all the balance, but not closed yet. I keep it around just in case I need cash. But now since my house value has gone up a lot, ev...