Hi BP family! I have found a cash provider who will be bringing the money to the table, down payment and the rehab costs. It will be a private equity deal. It will be my very first ever The money available is 150K th...
Investment Info:
Mobile home private money loan investment.
Cash invested: $755,000
Private Money Loan originated and provided for borrower. The property had 2 existing income producing manufactured hom...
Hello All,
I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...
I was going to close 3 deals in two weeks to rent out. I was pre-approved for all 3, but underwriting denied me today. They did not provide much detail except that the depth to income ratio is the cause. I definitely ...
After researching different retirement accounts, I've decided that a self directed solo 401k plan is a good fit for me. I have self employment income and no w2 employees. When I search for how to start an account, I g...
I have a little nest egg in my traditional 401K that I have through working a W2. I now would like to lend money to myself to be a down payment on a flip. I've read up and think that a Solo self-directed 401k would be...
Hi all - Newbie here and wondering if multiple properties can be purchased using a single mortgage? I'm looking at 2 duplexes that I'm considering on purchasing and if possible use one single mortgage for both.
I ba...
Was actually denied for a commercial because it's stripped to the studs and deemed uninhabitable. I've heard anything over 4 units is commercial but you can still get residential loans on 8 unit or less properties. Is...
Just trying to get some ideas on construction loan. I am thinking about building a house in Austin area (lot not purchased yet either). I am trying to think of what would work best- one time construction loan, borro...
So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...