Patrick Lucas
REO Property Listed Much Higher than Foreclosure Amount
Hi everyone, look for your help/advice on the following:I have been eyeing a Fannie Mae property on homepath and it just was activated on MLS yesterday. I would be looking to purchase this two-family home as an owner...
Ted Kawabata
Loan amount based on rental income for SFH?
BP Universe, Is there ever a way for a lender to use the rental income to determine a loan amount rather than an appraised value?I renovated a single family home in Dallas, Texas and it looks great and should cash flo...
Eric Bette
Lender requesting "letter stating the amount of rent..."
Hello all-I'm in the process of getting a mortgage into underwriting as I'm negotiating the final details of a property I have under contract (closing on 2/15). The lender is requesting "letter stating the amount of r...
Jónas Tryggvi Stefánsson
Allow ability to suggest a different rent amount?
I'm deciding the rental amount on a unit that's very unique, meaning I can't compare its rental rate to any others in the area, or elsewhere for that matter.I've done my research on other kind of units in the area and...
Doug Jennings
what determines the top line amount for depreciation
What determines the amount that can be depreciated in a property? (tax assessment, loan amount or some other factor)
Yan W.
the maximum amount I can borrow from bank
Dear wise members,I'd like to buy a 2nd property in the city and will rent out the 1st suburb one if needed. Will the new mortgage depend on the 1st one already having stable rental income for certain amount of time? ...
Denny R.
Michigan lender for smaller loan amounts and LLCs?
I hope everyone in the US had a nice holiday!
Does anyone know of any lenders that work with LLCs and smaller loan amounts? Specifically less than 50k after 20% down. I'm having trouble finding anyone in my area that...
Arthur Neves
Anyone purchasing massive amounts of tax liens certificates ?
This tax liens cycle, in Florida, I am considering giving bids on 1k+ properties tax liens certificate. Anyone done it here before and have advices to share?For the past 2 years I purchased some certificates, very low...
Craig Dieterich
How do I get a small loan amount?
I'm currently looking at rental properties in the $40-75k range with 25% down, but cannot find lenders that will do loans that small. What are the options?
Account Closed
Amount of money you earn on assignment fee
What determines how much your assignment fee is suppose to be see I don't want to cheat anyone out of there money but I also want the maximum amount of I can get on each sale. SO I have read lots of ways to do it both...