Will Barnard
Fannie going bye bye??
The rumor on the block is that Fannie Mae could be no more in the near future.
My question to all BP Members is: IF this happens, what would it mean to us investors and how would it affect our business, be it buy and...
Kyle Monaghan
Qualifying for 2nd property - Denver
I'm 25, just purchased a condo in Denver, 2 bd 2 ba. I am currently house hacking it, and renting out the 2nd bedroom.I was not planning on starting out in real estate, however after renting out the room for quite a ...
Lesley Ray
Mortgage Loan Interest Rate
I'm reviewing the terms of my 30-year fixed mortgage and the lender is charging me 6% interest. My credit score is good (800). 6% seems high to me. Has anyone else obtained a similar mortgage recently and can share th...
Milton Rivera
Determining Leverage Levels
Hello BP,I was wondering how do you evaluate/determine your comfort level with regards to leverage. Typical SFH lender guidelines allow for (75-80%) leverage on properties and consider your debt to income ratio. Por...
Eric Booker
What is the best strategy for rehabbing occupied units
Any suggestions from investors who purchase a property and perform interior rehab with tenants occupying the unit?
Dustin Wise
FHA title seasoning?
I'm currently putting together my business plan for fix and flips in Southern California. We've found some projects that could be turned around quickly since they are condos that only need minor work.
The rehab woul...
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Need Lender That Allows $20K Assign Fee On Hud1
We have a house under contract for $76K. End buyer wants to buy it for $96K. It appraises for $135K. End buyer is going to put $5K into rehab and intends to owner occupy. His credit score is 750. He was using a mortg...
Bobby Barlow
Due dilligence on HUBZU house
my wife and i are considering bidding on a hubzu auction house. we would like to know what due diligence generally consists of. this will be our first deal and it will be our personal residence.any advice on what exac...
Christina R.
Grass in the inner city of Baltimore - what to do
(no, not THAT kind of grass....)I have an end unit rowhome that will be up for rental shortly that has about 2 feet between it's exterior side wall and the tall chain link fence for a truck depot facility that is down...
Jack B.
Foreclosure wave coming? Lenders backing off on investment loans
They were a month ago, suddenly they are not. They told me that the secondary market they sell the loans to has stopped buying them. Switched to my other lender, heard the same thing, they are now capping how much inv...