Hi. I currently have 5 traditional single-family loans plus a HELOC on my main residence. I'm being told by my loan officer that I've reached the limit of 6 per FNMA. However, web searches seem to suggest I can go...
I'm not sure if this is the right forum (I never can figure out which to post in!), but here goes:Is it possible get great cash on cash returns using conventional (non-FHA, non-owner occupied) loans and your own money...
I have a 4 unit in a bridge/rehab loan that I need to refinance. The property is in IL. The property numbers are excellent. I am a very experienced real estate investor and house flipper.I'm having a hard time finding...
Hello everyone. I am a relative newbie to BP.com and have been reading a lot on how to identify and analyze a good deal for rental real estate properties. My question has to do with how those of you more seasoned in ...
Hello Everyone,After doing some research, I've learned that an individual is allowed to take out a maximum of $10,000 from your Self Directed IRA to purchase your first home without any penalties. Of course this would...
What would be the right next step?I have enough money save to put down 20% on a 2nd property in my area, but my credit score is too low right now to get approve for a traditional loan. I’m self employed so I try to pa...
Hello BP family! My name is Ahmed Seck and I am an aspiring 20 year old entrepreneur in Maryland. After reading a plethora of books and listening to countless BP podcasts, I am ready to take ACTION! My goal is to acq...
Would I be able to put down 25% on a home, finance rest with bank, rehab, rent it out for 6-9 months then refinance and receive up 70% of the ARV??
Is it possible to get a property thru a HML or REI, rehab the property and then get it sold thru a traditional mortgage? I know that is possible but exactly what I'm trying to do is get people in homes that dnt usuall...
I'm trying to qualify for a loan. I have an Air BNB unit that is profitable, however there is a loan against the property. The mortgage broker is telling me that they will not take my Air BNB income into account. I...