Jonathon Leib
Portfolio loan vs individual mortgages??
I’m looking at buying a 5 property package in Philadelphia. One is $210K and the other 4 are between 50-75K. Having trouble finding lender for the cheaper houses. This includes two duplexes so 7 total units. I assume...
Lydia Lee
Sale rentals with tenants or without ?
I am looking to liquidate a few rentals, don't know if I should wait until it's vacant or should I just sale it with tenants in it...
A few families stay there for long time, they are very good and willing to stay for...
Meg K.
Cant find a loan that works
This is an answer i received from the loan officer. I am frustrated because a deal i wanted fell through when the Bank that was selling the property refused my FHA 203k loan...then i tried a conventional loan. The...
Michael Hayes
30 Year Refinance Companies
Hey guys. Does anyone have a recommendation on a company like LendingTree, Mofin, LendingOne, etc that will refinance lower loan amounts quick? All of those companies do a minimum $75k. Not looking for a bank. Loo...
Kirby Davis
When financing under a conventional mortgage, best protection?
When financing a property under a conventional mortgage, which requires the loan be under you personally, how do you protect yourself legally? Obviously a conventional mortgage offers the best terms, which can improve...
Colin Paulino
My best Cash Out Refinance amount for first rental
I’ve been increasing my financial education and now I’m working out the best course of action using a cash out refinance to purchase my first rental property.My house was purchased for 200k and is now worth 400k. I o...
Teddy Hebert
Due diligence on the borrower
Good morning, BP! My question today is regarding due diligence on the borrower of a distressed loan. Loan modification seems to be, according to much of what I've read, a good way to get a positive ROI.How does someon...
Cody Krecicki
FED | There are indications that housing services inflation will soon decline
TL; DR - Speech: Inflation and the Dual Mandate Remarks by Philip N. Jefferson FED GovernorFebruary 27, 2023Jefferson noted that housing services prices are estimated using information on rents and measure the price t...
Ahkeem Smith
Is buying your first home at the age of 55 smart?
So my mom is closing in on her retirement and she's never owned a house before. My fear is that she'll have to work longer just to maintain her mortgage payments well after retirement. She planned on using money from ...
Daniel Puglia
Multiple mortgages or mortgage free?
My partner and I have made off with a pretty good payday after selling our ON primary residence, we are looking to deploy the cash into Eastern Canada where homes are cheaper. I am just curious if anyone has insight o...