Jasmine G.
Financing first rental
I am looking to purchase my first rental property. I currently own my primary residence where I am responsible for the mortgage. My husband on the other hand is not tied to the mortgage and has the ability to obtain a...
Amir Guerami
Another Realtor Commission Rescued
Investment Info:
Single-family residence private money loan investment.
Purchase price: $980,000
Cash invested: $784,000
Self-employed homeowners need programs conducive to their unique financial cir...
Raky Patel
buying another primary residence
hi all, this is my first post here but i have been lurking for a couple months now. i must say this is a great resource and thanks to all that share their experiences. i have some questions regarding buying another pr...
Kevin Siedlecki
MLS vs Auction
My current residence was a foreclosure listed on MLS. The offer and closing process was no different from any other transaction, and I got it for only about 10% under market value. Now I am looking at auctions, and I ...
Scott Pierro
Can an LLC be used to circumvent reserve requirements?
Hi, I'm currently operating 7 properties all financed through conventional loans without an LLC. I'm considering an LLC this year for the 20% tax bracket for pass throughs from the new tax law. I plan on moving my fin...
Adam Sporinsky
Where do you keep your investment and reserve money?
When the investors here have cash saved up for down payment money on a new investment property, do you store that money in a standard bank account, in the market, in some other liquid investment? Some combination of ...
Bob Asad
Can You Do HELOC on Rental?
If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?And if so, as I'm paying down the original primary residence HELOC, in the future, can I use it ag...
Mindy Jensen
Thinking about buy and hold with no money? Read this.
My friend runs a site called BudgetsAreSexy.com. He dabbled with real estate investing himself for a bit, and has now sold his rental and his primary residence and rents a property instead.While I don't agree with his...
Ben Carmona
Fannie allows 10 again
https://www.efanniemae.com/sf/guides/ssg/2009annlenltr.jsp
www.eFanniemae.com
Select brokers/correspondants
Select lender announcements
Announcement 09-02
March 1 is the kick off date
Properties 5-10
720 fic...
Ryan P.
Using HELOC as cash reserves
Does anyone know if it is generally acceptable to a lending bank to use my (primary residence) HELOC as proof of cash reserves when applying for a rental property buy and hold conventional loan? Or do you need to sho...