Nick Zias
Cash out refi vs mortgage on a property?
Hello Everyone,
So I was thinking about something this morning and maybe I am drawing a blank. (The following scenarios are for rental properties.)
Scenario 1:
Lets say you find a house that you want to purchase for...
Robin Simon
Real Estate Investor Financing 101: LTV (Loan-to-Value Ratio)
From a twitter series:
LTV is a fairly simple concept & calculation, but plays a huge importance in financing your rental property. It measures the size of the loan as a percentage of the property's value
Calcu...
Christopher Beahm
Update on 7.00% Second Home and Investor Property Limits
7.00% Fannie Mae and Freddie Mac Delivery Caps. Fannie Mae and Freddie Mac continue to tell their mortgage lender customers that they cannot deliver more than 7.00% of mortgag...
Account Closed
Typical cash flow per month
Salutations BP community,
I hope you're having a sublime day on this day, a day with wondrous, illusory dreams. Alright, I'll stop. Onto a more serious note, imbued with gravitas, I am looking to use my home equity t...
Tony Benacquista
Hard Money Lender Fees
Hello Bp Community
Hopefully everyone is having a great $$$ day! Quick question, is it normal for a hard money lender to ask for a 2000.00 initiating fee to get the process started? What are your experiences? They ...
Account Closed
I own a second mortgage that isn't paying, what to do?
A few years ago I sold a house to a couple that asked me to take back a second, since they could only quailfy for a 80% loan. I did and now they have stopped paying me, but they are still paying the first wich is a l...
Deion Moore
Coronavirus in the summer?
https://on.mktw.net/39GiJIZ Check out this article from MarketWatch - These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator saysIt seems to me that...
Glen Scharer
? For HM Lenders & Private Lenders?
In the past I have known some PML & HML that forclosed on a few properties which were under water, half way renovated or the borrower just realized he was over his head on his/her 1st. flip! My ? is why are they s...
Aaron Walker
broker pays default mortgage???
My mortgage broker (in justification of why a loan is taking so long to go through underwriting) told me about a previous loan that he had worked where the buyer falsified his federal taxes. This taxes showed that he...
James Wang
Patch of Land issues
Has anyone else had major issues with investments at Patch of Land? My debt investment has been in foreclosure for over 3 years, platform will not respond at all. The website has stop providing updates. Is there any...