Brian Kantor
How to setup a cash-out refi w/ Private Money vs commercial bank
Hi, everyone! Happy Monday.A few people in my network are looking for steady low-risk returns that beat today's worthless "High Yield" savings accounts.As such, they have offered to "be the bank" for me with a cash-ou...
Steve N.
Closing Costs - Can These Be Reduced?
My bank sent me a closing costs estimate. This is for a conventional loan of $142,000 30 yr. 5% interest.
I am wondering if there are any costs that can be negotiated down, i.e., any charges they add that may...
John Jacobs
UBIT and my self-directed HSA
Hello Bigger Pockets,
I was wondering whether my self-directed HSA would incur UBIT in the
following scenario:
There will be a conventional loan (i.e. a bank) in first lien position.
My self-directed HSA will be ...
Norberto Ballesteros
Charging origination fee as a discount point
In the course of discussion with a RE Broker, the broker stated that they advised all of their clients to request their RMLO charge their origination fee as a discount point.The intent is to capture the tax write off ...
Cara Lonsdale
100% financing Program
I just received this new marketing piece that is being distributed for a new loan program. I thought it would be something that the BP community may find useful as it directly relates to rehabbers.Has anyone else com...
Wendy Wood
On having multiple mortgages
Hi everyone! I'm a brand spankin' newbie at all of this. I'm still in the learning-all-I-can phase, really. Something I've observed in listening to the podcast and reading all the articles is how investors are getting...
Rahnesha White
Interest rate hiked up after deposit to lock in rate paid! Advice please!
I paid a non-refundable $500.00 fee to lock in a 6.375 % interest rate that me and my lender both signed and then two days later my lender said they cant do that rate and then hiked up the rate to 6.875. I asked for m...
Naeem Boucher
Got the 1st! Working towards 2nd Property.
Hello,Im 26 years old and I purchased my first rental property almost 7 months ago. It's a two family property that I was able to use FHA financing to acquire. The house cost 168k and the taxes are about 6k a year w...
Dabvis Le Sutton
Can I use FHA Loan for Multi Family Property?
Good Afternoon Everyone, I’m new and I’m looking to start out with a 4 unit multi family property. I would like some advice on financing options. Can I use a FHA loan or is there better options? Thank you
Ricky Chau
Refinancing Hard Money Loan
Hello Fellow BP Members. Hope everyone is well & safe!
I'm trying to wrap my head around how one would refinance a hard money loan into a 30 year conventional mortgage loan.
It seems obtaining a conventional ...