I purchased a .25 lot at a Pennsylvania tax deed upset sale for $1000. When I did a title check (after purchasing, 😬) I found a blanket mortgage from the early 1980's. I'm assuming the loan has been paid off and for s...
I read that if you are a mortgage broker- you need a license.
Is this true for fix and flips? and non-conventional loans?
Trying to understand. A little difficult to Google search. Trying to verify some informat...
We will be walking away from our property in Arizona that is under water by at least $50K. I don't think it will ever recover.We bought in 2005 (of course at the peak of the RE boom) using an 80/20. The 20 went all t...
I've spent a little time now talking with lenders and it seems like online mortgage lending companies like rocket mortgage and Better.com have the best rates. I rarely hear people in the discussions talk about these o...
Hello,I recently bought my first investment property in Mesa, AZ and have a 17.7% return on cash invested with 20% down. I am trying to figure out my next move and have a few questions. I live with my girlfriend in a ...
Hi BP!I am currently comparing mortgage options for my first rental property that I plan to purchase early 1st quarter next year and I have come across some controversial approaches with the type of mortgage.I have a ...
When getting a conventional mortgage for an investment property with value adds, would it be more beneficial to start with a 15 year mortgage and then refinance 6-12 months later with a 30 year? I hear a lot about sta...
I am working on buying my first rental properties and have been crunching some numbers. I was looking at 15 yr mortgages on 4 properties valued at $90K. What I found when I looked at the profits vs a 30 yr mortgage wa...
I know enough about reverse mortgages to be dangerous. Typically, an elderly homeowner effectively takes equity out of his or her house without having to make mortgage payments. The owner continues to own the home.The...
Hi,Can someone explain the difference between mortgage note investing through somewhere like FCIExchange or LoanMLS vs buying a MBS? I want to make sure i understand the difference and the advantages of each. Thanks...