We're currently under contract to purchase a property for $65k. We're using a conventional loan on it so we're putting down 20%. No issues so far.The appraisal came back at $75k with a few "lender required repairs" ...
I found an investment property!My question is, would it be better to purchase cash then do a refi on it? (Pros-cons) OrFinance the whole thing on conventional having to put 25% down?
Is it true that 6 months of mortgage payments is needed as an emergency fund before the closing of your loan on a multi-family property? If so, is there any way around this requirement? Is this requirement for every l...
Looks like most of the reviews or case studies on Roofstock are about the closing process. I suppose since the vast majority of investors who’ve purchased properties from Roofstock use the properties as buy-and-hold r...
Hello! I'm a newbie and have yet to buy my first official property. (I inherited my dad's home but the loan is not in my name) I found a 5 bdrm home that would be PERFECT as an AIRBNB! I was looking at an FHA loan ove...
So I have listened to several podcasts and read about the BRRRR strategy and it is something I would like to pursue.I am a traditional financing expert and have been originating mortgage loans for over 30 years and I ...
This will be my first foray into real estate. Currently looking at a beautiful 3 story multifamily brownstone in NYC area for 400k Three 1 br rentals bring in $2800 of monthly income. Rents can be higher. Owner pays t...
I am currently in the process of saving up for the total costs (dp/closing/reserve) for my first house hack. I was wondering for those who have a house hacked or are currently saving in the process, what would you rec...
I may have the opportunity for owner financing on an unlisted home about 20 minutes out of Charlottesville VA, in Keswick. I would love advice on my next course of action, I have evaluated the property and believe the...