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Hi I am new and was wondering if anyone could help me
Hi, Thanks for having me on this forum. I am a Real Estate Broker in California who would like to start brokering his own loans for other lenders. Or work on some basis with a loan broker for compensation. I know noth...
Kevin White
Fannie Mae - multiple financed properties
I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance. The reserve requirement has become prohibitive of...
Andrew C.
Selling a 1031 exchanged property with increased debt
I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...
Kim Roberts
Saving for a rental property or adding an apartment to my current home.
I live in a beautiful home close to a community college and the downtown area (shops, bars, parks etc)that has roughly 1,000 sq ft partially finished basement. I am wondering if anyone has started their real estate bu...
Soham Sakpal
Multfi-family lending conventional/ FHA
How does financing work for multi-family FHA/ conventional loans? What additional documents would the lender require for conventional loans?
Andreas Mueller
A Skeptical Dude's Market Insights - No Job, No Problem Loans Making a Comeback??
Welcome to A Skeptical Real Estate Dude my weekly post on market insights coming at you live from Nashville, TN. Every week I write a brief, hopefully insightful, dive into real estate and financial markets, for all y...
Raphael Abreu
Why house hacking is still amazing in expensive markets!
-You can get in with very little money down with an FHA or 203K loan
-Rents in these markets are for the most part very high
-You can argue that most of these properties don't hit the 1% rule, but with small multi...
Chris Majors
"Refinance" Private Mortgage first with a HELOC?
I am under contract to purchase a new primary and using private money for 80% of the purchase price. I've been kicking around the idea of applying for a HELOC immediately after closing instead of waiting 6 months for...
Christine Smith
First Out of State Investment - All Cash Purchase in the Midwest - Good Strategy?
Hi all!
My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates). I'm looking for ...
Account Closed
Should I sell my home, or keep it as a rental?
So just to get an idea of where I am at with my home:This is for Moore, oklahoma.I am 31 years old. I have a home newly constructed in 2006(1800 sqft). 30 year mortgage, at 5% fixed rate. purchase price was around ...