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I'm contemplating renting out an investment property(non-primary residence) on a room-by-room basis with separate longer-term leases for each bedroom. I'm curious if the income from these rentals, listed on Schedule E...
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Hello All!I am considering a 1031 exchange for selling a Single-Family Residence (SFR) in order to purchase either a commercial land/pad site and develop houses/office buildings on it. I have a few inquiries regarding...
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I'm selling my home (owner occupied investment property) and my buyer just found out they can't close on time as planned. They asked for 2 additional weeks before the closing. I proposed we go 4 weeks instead as the...
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$269,800 loan. Loan origination charges are $4,670 (origination fee) and $1055 (underwriting fee). My loan is a 5% down owner occupied conventional loan at 7.5% interest. At first glance, this seemed high to me but I'...
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Anyone done a 203k loan on the Kenai Peninsula? Wondering if there's HUD consultants and approved contractors around. Not sure if the reporting requirements are too time consuming for contractors in a busy market.
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my and my brother bought a 3 family home in pawtucket, RI. I have about 25k and I wanted to try to get another 3 family home only in my name in pawtucket, RI . The mortgage broker said because its the same type of pro...
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I have heard a real estate guru claim that you can get way more rent with a lease option that with just a straight rental, also he said you should get a 5-10k non-refundable option deposit.My question is, is that true...
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I have seen private money lenders use FannieMae/FreddieMac documents for private money mortgages that are not associated with either one. Is this ok? thanks.
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Article by Joanne Scoratow
May the REAL lenders step forward please.
The number one question I get asked by a new mortgage broker is, are you a direct lender? This is an intrinsically important question that ...
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Hey guys,So a unique opportunity came about that I've never experienced in all my years renting. Someone in the neighborhood offered to pay cash (or cashier check) for the entire rental lease (10 month lease) upfront....