Michael Tom
Tap into equity VA home mortgage. Sanity Check?
The VA has changed its lending guide lines. 100 LTV now authorized for qualified borrowers. Does it make sense to cashout refinance an existing mortgage to the tune of 200k and 3.5% to use towards additional doors?Dou...
Jacob Ayers
Seller Financing
Hi BP Pro Community, I'm interested in a property that has advertised seller financing. However, the seller is requiring 42% down, which is the pay-off the existing mortgage. I understand the seller doesn't want to tr...
Emmerson Anderson
Special Warranty Deed
I purchase homes subject to the existing mortgage. My primary market is Dallas and Houston. I have the homeowner complete a sales contract and notarize a special warranty deed on the initial appointment. This allows m...
April Laspinas
Bank does not consider rental income for loan
Hi all! I'm looking to purchase my first rental property (second mortgage); However, on confirming with our bank, they do not consider future rental income from the property on their assessment. We currently have our ...
Daren H.
Looking for sample wrap around mortgage addendum or agreement (used in Texas)
Anyone in the DFW area buying houses regularly via a wrap around mortgage? I am looking at a potential opportunity (off market response to letter) where the seller would consider financing with his note in place for a...
Dado Vucak
Financing Vacation Home with 10% Down on Jumbo Loan
Hey BP -
I'm looking for some guidance and advice when it comes to seeking out lenders who will accept a 10% down payment for a second home/vacation home where the loan amount happens to be greater than the maximum ...
Bill Dwyer
Help with deal structure please!
I have a motivated seller in north Las Vegas with a 4 bdrm 2 bath. Decent area for north Vegas . Estimated value of $120,000 as is. Wants 100 k cash but I think he would go lower. Very motivated. Has a mortgage of $55...
Timothy Colman
A unique situation - what would you do?
Hello all,I have a unique situation that I am seeking advice for. I will keep it short and to the point.A close friend of mine desires to sell his town home to me for his current mortgage balance (90k). The home was...
Kathy Westcott
Seeking creative options
Mother-in-law (74) owns a home that’s falling apart but doesn’t have funding for repairs. Home is titled in her name. Mortgage is in ex-husband’s name and he is legally responsible for PITI on the home. We’re trying t...
Mike Smith
Due on Sale - SubTo Insurance?
Hello.
New to this forum. My partner and I did some wholesaling years ago but got out of the market when it tanked.
Recently became aware of Pace Morby and his "SubTo" approach to real estate.
On a BiggerPockets po...