Jeremy G.
Good deal or am I missing something?
looking into getting a dscr loan 80% ltv.$120k down paymentDebt service PITI will be $4600/mo Gross rents $11000/moratio of 2.39My credit is 750 Unless im missing something, i should be able to get a DSCR mortgage on...
Olly Cossio
sold land, did owner carry and interested in selling trust deed
hey everyone,
i closed escrow last month on a land sale. buyer paid me half of the sale price (we'll call this the down payment), through escrow and he has 18 months to pay me the balance
the down payment already co...
Bernadette C.
newbie
Hi Everyone,
Great place to learn from many that have been active investors. Finally a great space to share info.
Thank you for a great Forum for all things Real Estate.
Bernie
Daniel Mina
Prepayment penalty and interest arrears
Hey All,I have a question about prepayment on conventional loans. The mortgage loans I'm currently after all state "no prepayment penalty." Say I am a few years into my mortgage and I believe I can pay a little extra ...
Vicky Lewis
Question: I'm using the BP Lease agreement.
The BP Lease agreement looks to be month-to-month with a term. I'd like to just do a 1 year lease and be done with it. Can I use this form but put the term at one year? 2. Term. Subject to the terms and provi...
Nancy Lucca
Hard Money Loan Questions
So once u get a hard money loan and it gets funded, how soon do you have to start making payments? What if your flip takes you 3-6 months? How do people typically make the monthly payments while the flip is being reno...
Adam Germany
Into A Buyer's Mind: Would you Rather?!?
As the buying investor, what would you think if this property (both options) if it came across in your market? I appreciate ALL honest and productive feedback and comments. Thanks in advance for your insights!
860...
Joseph Henry
How does paying extra principal on an ARM work?
I currently have a 30 yr fixed at 2.5%. Looking into buying a new primary home. With current rates, I am only thinking of a 5yr or 7yr arm. Never taken an ARM before. On a fixed mortgage, i could pay extra payments (o...
Kenneth Burdick
Using HELOC for down payment
Hi BP community,
Our current primary residence has a first-position HELOC. We were planning to use funds from this account to purchase another home, but the lender is having an issue with us “using borrowed money for...
Zachary Critchett
Will my mortgage payment change?
Hello,
If my property tax assessment goes up or down will my mortgage payment go up or down? Also, if the property is paid off am I required to pay the entire tax year at one time? And will the payment be fixed or do...