Louis Porter Jr.
How to get a deal with 3.5% down instead of the standard 20%?
I purchased my first investment rental property (a 2/1 in Riviera Beach FL that is renting for $1,075 a month) in October of 2018. I spent nearly all the money I have (All in at a little under $35K) on getting that pr...
Austin James
50 unit financing: Unsure of what is standard or what to seek out
Want to buy and hold and fix up. Lender gave me these terms. Should I try to get them to extend term to 24 months and drop the origination fee to 1%? I have no experience in commercial loans. Thanks in advance!
Tyler L.
How can we expect FHA standards to change as a result of this?
So I was preparing to buy my first house hack this coming summer post graduation, I had the downpayment saved and strong credit. I’ve decided I’ll have to push it back a few months so that I can A. Hopefully avoid the...
Ibrahim Hughes
FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac
I mistakenly created a topic last night about supposedly new guidelines for buyers who have a previous short sale on their credit. Turns out that those guidelines, as I suspected and as Steve Babiak pointed out are 2...
Michael Gonzales
20 yr mortgage w/ locked rate for 5 yrs standard under an LLC?
I recently set up an LLC for RI. I am purchasing my first SFH on an 80/20 credit line that also covers the rehab. I’m hoping to brrr it out. I’m buying it for 70k and the banks internal appraisal was 98k. My lender wi...
Alex Molina
Lease Renewal. What is the standard rent increase rate (1%, 3%, 5%, etc)?
Hello, I have a rental in New Haven, CT (3 Beds/1bad). It's currently renting for $2095 and the tenants are going to complete their first year in the property and intend to do a lease renewal. According to my property...
Zach Oehlman
The Gold Standard Doesn't Matter - Prove Me Wrong And I Will Pay You
Lets have a conversation :)
I have been racking my brain on this topic and feel I have finally come to a "proverbial truth" around money and value and would love to hear everyone's point of view as I want to dis-pro...
Kappil Tom
Can someone provide editable standard form 442 - t ? this is NC pet addendum
Can someone please help with finding editable standard form 442 - t?
NA NA
What is the industry standard (or your opinion) for profit splitting with a cosigner?
Person A bought a house for $200,000, but needed additional credit to purchase. Person B, cosigned (and was on the deed) for said house. Only Person A lived in and made payments on the house (on time every month so th...
William Boudle
What qualifies a non-standard property as SFR vs 2 fam or 3 fam
I understand in obvious situations, like a duplex is a two family. In my particular situation, it effects our financing opportunities. The bank will not lend on more than a 2 family, and our terms change if it is a si...