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 ...
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...
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...
Albert Thuilot
Which is better, Hard Money or Private
I'm an avid listener, and recently listened to the podcast with Pace Morby today, but unfortunately none of that info could help on my current deal. I'm partnered on a short sale deal that I found, that we are planni...