Chris Salas
Is it a good idea to Sell Real Estate and Originate Loans?
I've been throwing the idea around for several months now and want to know what others have experienced. Is it a bad idea to work as a Real Estate Agent and Mortgage Lender?I know with FHA you're not allowed to do...
Adolfo Valderrama Bielich
I want my PMI to be lift. Bank considers only original price
On November 2017, at closing date, my loan was for $145,000 and the original appraisal was $158,600 then LTV was 91% and I had to pay about $70/ month of PMI. The Loan Consultant said: no problem at zip code 80123 the...
Bridget D.
Saved $30k but thinking of I deviating from my original plan (please help:)
Fellow Biggerpocketers (Yes it's a word..Lol)
I've been reading here on Bigger Pockets for the past 2 years and have gained some valuable knowledge along with getting some much needed advice on a couple of investment...
Daniel Dietz
Can a SDIRA enter into a "Subject to Deal" and keep original loan
Hello all, I understand most of the SDIRA rules, but came across a potential deal that I have a verbal offer/accept on at this point. It would be what I beleive is called a 'subject to' deal. Current seller is willing...
Jason Munger
Buy home to fix up, then sell back to original owner - best way?
Home is vacant, 100% equity and needs a LOT of workI'm looking to house hack and live in the home while I fix it up. Then 1-2 years down the road put it up for sale. Ideally I would like to sell it back to the curre...
Jerry Kisasonak
Originating a note on a free-and-clear property and selling that note
I recently heard an investor very briefly talk about the strategy of creating a note on a free and clear property and selling that note. I have free and clear properties and wondered if I could originate a note and se...
Shari Peterson
Need Real Estate or Mortgage Broker in CA to serve as Loan Originator
I provide Transactional Funding and would like to fund deals in CA. My understanding is that in order to comply with usury laws, any loan that is secured by a deed of trust must be originated by a licensed CA real est...
Brooks Gagnon
Duplex originally bought as a primary residence, and now producing great cash flow
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $133,000
Cash invested: $4,655
Up and down duplex in a quiet neighborhood. Was owner occupied for the first ...
Account Closed
Ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers?
Does anyone know of some ways to prevent Builders from Coercing and Steering a Loan Originator's contracted borrowers, who they've obtained a Loan Commitment for, to their "In-House" or "Preferred" lenders?
T...
Jacob P.
Originator says we aren't locked, but I just got a signed commitment letter
Hi guys!Quick, niche question on getting a conventional loan.We are getting close to closing, and have had several conversations with our loan originator to the effect that we are not locked at a rate, and we are wait...