Kenton C.
interest rates for conventional loan
I just got prequalified today for a 100 k loan for my first investment property which will be a buy and hold single family home. This was through security national mortgage company, and not a typical bank. I have a cr...
Juan Esparza
First deal foreclosure or...?
Hi. So i just turned 20 a couple of weeks ago and decided to quit spending my money on weekend outings and focus on saving for a real estate investment. I am not very educated in the field but i am doing what i can to...
Albert Tsang
Pay down higher interest loan or pay down largest monthly mortgage payment
Assume you have 10 SFHs with different purchase prices and all of them have different interest rates and monthly mortgage payments. If you are at a stage of consolidation and want to pay off the 10 SFHs as fast as you...
Rick McCray
Smallest amount of $$$ you have ever invested with
What is the smallest amount you have put into a deal that turned a profit? If you have a "zero down" answer then I want your "zero down" story. Any amount of profit is fine, as long as it was more than you origin...
Shannon Elam
Confused
Hello BP. My first flip is currently in process. The contractor is okay, but I have a question. We allowed our contractor to use our store credit card to buy supplies to rehab our house. For the most part he has done ...
Jorge Galvez
Refinancing and obtaining a HELOC (same or different bank?)
Hi BP-ers - I am located in Los Angeles, CA. I would like to ask for your advice. I am looking to refinance a non-owner occupied investment property to obtain a lower interest rate. However, now is a good time to al...
Ian Cameron
Neighborhood and Property Classification
How exactly is a neighborhood classified as an A/B/C/D-class neighborhood? What are the criteria? Who decides?Same question for residential properties. What criteria determine if the property is an A/B/C/D class pr...
Shelly Cavin
Financing options for a quadruplex?
What are the different options for financing on a quadruplex? Can anyone recommend a broker or places that offer financing on investment property? I use a credit union for my bank. My credit union doesn't offer invest...
Timothy OConnor
Financing Advice....
I am looking to purchase my first investment property and was hoping for some insight or direction! Quick facts: Looking for a home in the range of 50-70k Down payment- 20-25%Credit - 770 I went through Quicken Loans ...
Eric Sammons
Personal vs. Business Loan
Hello,
I recently applied for a Line of Credit at a traditional bank to purchase another SFH rental. I currently have a SFH rental that's completely paid-off, and so I was going to use that as collateral on the LOC. ...