Chandler Smith
FHA loan refinance to conventional
I read an article awhile back about refinancing an FHA loan to a conventional loan. If I remember correctly in order to refinance you must have 20% equity in the house.
So my question is: If I bought a house on an FH...
Joe Pirapakaran
Refinance question for BRRRR
Wondering if anyone can provide some insightSo your done rehabbing your deal and ready to refinance lets just say, you owe your private money lender 140k thats purchase, rehab and interest the house appraises for 200k...
Sai T.
Received an offer more than listing price but ...
Hi EveryoneReceived an offer more than listed price $200K and offer is $202K VA loan. Seller assist at closing $12K.$300 EDM really three hundred!I talked to the buyer’s agent he said will offer $205K and $10,000 sell...
Tyler Merrell
IS my rental opportunity worth it?
I own 15 + acres in a rural community. My family and I can build homes and have done so for years. As we get older, we are looking at investment opportunities to supplement our incomes. My father is an architect/contr...
Matthew Smith
Home Eq. loan on rental props
Sorry, if this topic has been touched on before. I am purchasing a foreclosure out of state that I am going to use as a rental property for 47k. After I secure title, I wanted to get a home equity loan on the house. I...
Jeff Pollock
Roof Before HELOC/Cash Out Refi?
Hey Everyone,I’m mid-flight on a renovation to turn part of my primary residence into a studio and house hack, and also midway through reading David Greene’s BRRRR book. In it he argues that if you can fix something m...
Matias Escobar
Rehab not closing due to Financing - Help with Rent to Own
BP Investors,I am a flipper and have a house in Cape Coral FL under contract until day of closing that didn't close. The deal was subject to the buyer selling their property and the buyer for that property didn't get ...
Nick Hawkins
Trying to understand a loan with a "gift of equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
Min Kim
Getting a new lender before closing?
Hey everyone,So currently we’ve been in the process with a lender who has been difficult at times. One thing that bothers me is that they won’t do a “float down” unless it’s a whole percent, but other lenders allow it...
Valdemar Espino
Divorce buyout advice
Hello BP community. My parents own a duplex in the Los Ángeles area and they are currently going through a divorce. My mother wants to keep the house and my father is willing to accept cash in exchange for his share i...