Zimean Vickers
Cash out Refi Pros & Cons
Hi everyone I need help. What are the pros and cons to Cash out refi? How do you make your money or credit make you money? What should I be aware of? What would you do? The goal is to create income.I have 2 rentals $...
Alex R.
Conventional loan for a fourplex property
My bank will qualify me for mortgage for a 4-plex if I live in one of the units at least for a full year. A property I am considering right now is fully occupied. Can I still ask for the mortgage and tell them as soon...
Shane Powell
17 year old looking to house hack in the next year
I am receiving a settlement of almost $120k at age 21 due to a personal injury lawsuit when i was younger. I am looking into receiving the settlement when i turn 18 so that I can buy a duplex/triplex/fourplex with an...
Erik Browning
Subject prop. cash out refi - settlement to plaintiff?
Haven't seen this before: the prelim shows an active suit, borrower wants to cash out an investment property to pay the settlement. Some proceeds to the settlement, some proceeds to the borrower. A NonQM lender of min...
Jeremy Tillotson
Why is Everyone Using Transnational Funding You Dont Need IT
Okay first I am writing this in response to a few post I have read. Secondly you must read this post all the way through, and most important I am not a attorney nor giving legal advice. I hear about transnational fund...
Robert Kenny
Is it ok for seller to hire buyer to do repairs and upgrades
ultimately I would like to get cash from the seller to take care of upgrades. But I understand this is not allowed. Is it legitimate for the seller to hire me and pay me for repairs and upgrades before closing? I am a...
Frank Costa
HELOC and the BRRRR method
Is a HELOC a viable option to buy a SFH with the intent of using the BRRRR method? Unfortunately ready cash is not available but I have plenty of equity in my primary residence. That said my HELOC limit would enable m...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....
Robert Haworth
Give me a quick read on seller's settlement workaround
BP Nation:
Am in need of a quick read on this unusual situation with a distressed investor/seller unloading several properties. We are trying to buy just one. My agent is asking her broker as well as a settl...
Alex Boots
First Time MFH Investor, below 600 credit
Hello,
I've been studying content on MFH investing for about a year and I'm done waiting and ready to take the dive. I have friends/family who have some considerable cash and I won't have problems finding equity. Th...