Manco Snead
Mortgage Broker vs Credit Union
Greetings all,
Newer investor here (own one duplex with good equity) moving toward buying a second multi-family, likely via 5% loan, cash-out refi, or HELOC. Trying to understand a few concepts here:
1. My current d...
Jessica Lawrence
Time to remove PMI?
When does it make financial sense to pay down the mortgage on a rental property enough to get PMI removed? I have a conventional 30 year mortgage with PMI on a SFH that I’m currently renting out. I checked recently an...
Michael Frish
mortgage loan commitment question
A question for those who are connected with a mortgage (working as a broker or with a broker) or have received a mortgage:
How legitimate is the broker's claim (clauses from the mortgage loan commitment):1" This appr...
Account Closed
Wrap around mortgage for commercial property
Hello,
Somebody told me what I can use wrap around mortgage to buy a commercial property. It's true or not.
If yes, how it works?
Thank you for help guys
Gloria Lau
Happy Member from Oakland, CA (San Francisco Bay Area)
Hi Everybody!I came across Bigger Pockets a few years ago and unfortunately did not allocate time to learn more through this community, and sort of forgot about it. Recently, I started listening to the BP Podcast, enj...
Sandeep Kongara
Subject To / Seller Finance
Hi all, I have a fourplex in Lafayette that I am planning to sell. I moved out of Colorado. One strategy is to sell on the market, second is to do Subject to/ seller Finance. Haven't done Subto / seller finance but my...
Matt Finneseth
Put cash flow towards principle?
This is something that I haven't seen yet as far as an investment strategy. I've thought about taking the cash flows from the rental and putting it towards the principle on the loan in order to expedite acquisition of...
Anthony Zayas
Goal Setting Advice - Invest in 401k or Investment Properties?
Greetings BPC! I decided to randomly take a trip this past weekend and self reflect in order to rebase myself and establish my goals for the next 3 years. However, I'm stuck on what I should do in the short term in or...
Raj Kumar
Rookie Investor trying to gather his footing..
Hey all!! Hope everyone's having a great day!I'm a rookie investor who recently (like one year ago) bought my first property and then my second. I moved into the first property and put up the second property for rent...
Taylor K.
High DTI, but have cash
Hey everyone, I am closing on a deal now that will put my DTI too high to get another conventional mortgage. But I have enough cash for a couple 20% down payments. How can I obtain more loans with my situation? Could ...