Joel Owens
Certain commercial development the public doesn't want.
So I have been reading a lot lately of certain projects being proposed in my area of Cherokee county GA.I am seeing a reoccurring theme. Most all retail is welcomed with open arms.Large multifamily projects of hundred...
Christopher Arter
Second home purchase and DTI
I bought my first home with an FHA loan. It was a modest 157k house, but I only make about 43k a year, plus I have about 26k in student loans and a 14k car loan, so my DTI is pretty tapped (I'm undoing and re-educated...
Alessandro A.
Cash-out refi in Charlotte, NC?
I’m looking for a bank that does cash-out refi’s here in Charlotte with no seasoning period or a very short seasoning period. I’m initially purchasing the property with cash. Every bank that I’ve called has a 6 month ...
Michelle Verdugo
BRRR - that third R.
I'm curious about the refinance part of a BRRR. What does a banker look at when you go to refinance? What if someone has a high credit score, no debt, lots of savings yet their W-2 income is pretty low? Asking for a f...
Michael Elfant
Proven Wholesaling Script
Hi All,My partner @Edward Verdel and I are about to send out our first mailing campaign and we are wondering if anyone has a proven script for when a potential seller calls to inquire about selling? I’ve heard multip...
Daniel Coleman
Failing FHA self sufficiency test options
Hello All,I am actually helping a friend who is trying to purchase a quadplex, but a very unique quad plex. THis partular quad is a single parcel, but actually is as follows:2bd 1 bath 1100sq ft SFH2bd 1 bath 900sq f...
Champaigne Shyne
House Hacking With Multi-Unit Using FHA Loan
Hi Everyone!So I have been wanting to buy my first property while generating income for the longest. I worked hard over the last 5 months to get my credit score to 753, pay off student loans, increase my credit line t...
Taylor Chouinard
House hacking rentals
I was almost completed the underwriting for a "operation welcome home" loan which previous allowed in its guidelines that would take income from a rental unit into consideration for the approval of the loan. Turns out...
Ivan Burley
Just beginning in Nashville.
Hello everyone. I've been read quite a bit here on BP but this is my first post. I fence toy purchased my first rental home as an owner financed property. Of course once I got into the home (after I evicted the ...
Jacob Beg
FNMA foreclosure requirement
Hi All,I am unable to find a definitive answer through FNMA guidelines and hope someone can shed some light.While going through a mortgage for an investment property, underwriter asked my dad to confirm that the forec...