Thomas Clark
PMI with an FHA loan
I'm not sure if this qualifies as creative nonetheless... just a curious question can someone with an FHA loan also use PMI on TOP of the loan??The reason why I am asking is because I'm looking at fourplexs in my are...
Lena Claybon
Is There Such A Thing as All-In-One Fix and Flip Loan?
I've been trying to get a fix and flip loan where I can get the rehab portion upfront along with the purchase but all I've been able to find is the kind where the rehab is reimbursed after repairs. This is just my 3r...
Maria D'Aura
Say you had $400K to invest for cashflow. Where/what do you buy?
I'm ready to make another purchase. I'm looking primarily for longterm cashflow. I'm in California, but open to out of state investing. I've been looking at my options in California, southern washington state, and St....
Sarah Lorenz
Can you take pay from your hard money loan during construction?
We are looking at a new construction project, a single spec house with a hard money loan. Can we take pay out of the loan since we are acting as the general contractors? I think I read/heard discussion of this on BP, ...
Aaron Cappelli
How to get the second property
Hello!I bought a four-plex in October with the VA loan, so up front costs were miserable. Everything has been going well so far so I am thinking about buying another property! However, from my preliminary research, th...
Megan Elmendorf
Quick question on down payments. 20% or 25% down????
Hey guys quick question. We are in the process of looking at homes with our realtor and he firmly suggests we put 25% down instead of the 20%. We thought we should hold on to our money if possible, (even if its 5%) to...
Carter Crowley
HELOC Questions BRRR Strategy
Hey Everyone! Just want to be right upfront and say I have 0 experience with HELOC. But here are my questions and if you have anything to add please let me know! Every bit of information is appreciatedIf I have a PML ...
Brian Jobson
When are Hard Money Fees Paid?
So I emailed about 7 lenders yesterday and got replies back from all of them. After reading 2 of the emails I began wondering about these fees and when they are due. This is an excerpt of 1 of the emails I receive...
Nolan Rowland
Home Run, but unable to fund
Hello,
I am currently trying to purchase my first property and have found myself in a bind. I have found an off market triplex (2x 1b/1ba, 1x 2b/1ba) that needs new kitchens and bathrooms in all units and some work o...
Creig Griffin
Hard money loans what is the cost upfront
Are there any upfront cost associated with hard money loans? Are cash reserves required before you can get funded for a hard money loan?