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With Freddie and now Fannie updating seasoning requirements to 12 months, are there any other options apart from a non-qm/dscr loan? Im a newbie and have been building the start of my business to purchase my first BRR...
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Hello, Looking to get advice on what is the best option for my situation. Here it goes: I have an FHA Loan on my primary residence (currently in forbearance) with PMI of $208 per month @ 3.375% interest mortgage rate....
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Say there's a property and it is the same price whether all-cash or financed. It is the lower end of prices at $50k, which will give higher returns and be the better decision? Why?
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Can you help me with a question, hoping you have some experience or knowledgeable about it. I got offer a real estate line of credit that I can use to purchase more real estate. What are your thoughts on LOC? Pros/con...
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Hey BP, I was looking at a particular lender. I was amazed at the options, to be honest. There are 30, 20, and 15-year loans with many rate varieties. The lower rates always incur larger closing costs. Seeing this m...
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I'm an expat with a good salary paid in euros, already owning three properties in the Boston area and holding two mortgages. I’m looking to finance a fourth property. I have no W-2 income and have been advised to cons...
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I am walking a 4 unit apartment building next week. I can qualify for a bank loan (local CU) with current offerings (15% down; 20y amortization; 6.5% interest). The other option is owner finance (owner is open to it)....
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Hi All,Planning on doing some house flips in the city of Chicago (specific neighborhoods on the NW side). I recently created an LLC for this. I am now wondering if the LLC will even help for the house flips. Dependin...
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Hello!
I am looking for some advice as to which course I should take: Cash-out refinance or home equity loan?
Home value: $400,000Mortgage balance: $51,000
Interest rate: 6.125% - Fixed. 30yr.
Monthly paym...
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Hello everyone,
I'm currently delving into the various financing options available for real estate investments and would love to hear about the experiences and insights of fellow investors. Specifically, I'm curious ...