I'm looking into purchasing a single family home in the mid 300s range. Income is more than fine, debt to income is 5%, only issue is credit is only 650. All the lenders I've talked to keep pushing FHA but I'm afraid ...
I've read Fannie Mae guideline on this, but am recently confused after speaking with a few lenders. According to the DFE on Cash Out Refi, if a property is purchased in cash;1.) 6 month seasoning period is not require...
Currently under due diligence and the day of the home inspection we find the tenant left the water running in the kitchen and up stairs baths causing water to flood the basement unit (duplex) . House already needs abo...
hello everyone, im new to this forum. sorry to start off with a problem, but this came up out of nowhere.
i am investing in a rental property in las vegas. i went to chase for an investment loan with the title to be ...
Hi guys,Relative newbie here. I'm in the middle of purchasing a multi-family home. We're getting close to setting a closing date. I was on the phone with our mortgage originator, and we discussed the recent interest r...
Looking for some BP wisdom and support! I'm a buy and hold investor in TN. I have a property I bought in 2018 for $175,000 and I have a loan on it for $133,000. Realtors are telling me I can easily get $220,000 for it...
Hey everyone,I created a forum post nearly two weeks ago asking for advice on the analysis of my first deal. I have since revised those numbers to be more realistic and conservative and to reflect that this deal is n...
Hey guys!about every 2 years I look to sell my house and upgrade (if the market is in my favor) well.. I was in contract to sell my house in February of 2015 and to make a LONG story short. We found out the Day of clo...
Good day everyone, I am interested in purchasing either a condo or a townhouse for short-term rental. I am also open to a longer rental as long as I could use this place for 1-2 months as a second home (summer or wint...
I have purchased multiple properties near Abilene tx for about $15,000 each (some of them need a lot of work, some of them are decient). However their taxes assed value are all above $50,000.
So my question is, can s...