Never good to get a surprise call that Fannie/Freddie is pulling the plug on you. Was wondering if anyone has heard of this kind of situation - Credit Score is 730+, Reserves are plenty, and DTI is well within range (...
Hello all,
When a listing agent is specifying that "All offers MUST have No Appraisal Contingency." what could they be avoiding with it?
Thank you!
I purchased my current primary residence (Portland, OR) back in October 2019 with a conventional loan. We rent out the top portion of the house while my financee and I live in the basement. There is a separate entranc...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $149,000
Cash invested: $14,000
Class C neighborhood with some gentrification. Home has no HOA.
What made...
Hi all, I won an online auction for a 3 building 7 units on a 5 acre lot that was under a single tax ID. I thought this is legal so I bid 9n it and paid deposit (10%). When looking for financing my lender told me the ...
Hi there - first time investor looking to finance a $1M quad. Can’t use it as a primary and live in it, because we just bought a suburban house for the kids. Interest rates are SO high, coupled with a minimum of 25% d...
I hear all the time from investors and real estate agents to stay away from the big banks and go with local lenders, and I just want to share my own personal experience that contradicts that advice.First of all, some ...
Hi there! I found BiggerPockets through their YouTube videos and became a fan and decided to become a member here, and I just wondered if anybody could give me advice.After reading several books by Robert Kiyosaki and...
Good morning! I’m trying to close on a DSCR property for STR in Destin, Fl. My down payment has gone from 20-30% and appraisal focused on cash flow income to appraisal on long term rent.
I would appreciate any help ...
Hi all, have been trying to get a good HELOC but keep running into difficulties. Situation: trying to get a HELOC from my primary residence. Appraisal $600k, mortgage balance 220kProblem: bought another house 5 months...