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hey all, as a new investor i have been reading up onbhard money loans so i figured i would ask on here if any one could break it down in lay mans terms for me please. I am especially interested in any costs that may b...
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I have a offer from a private lender for a loan in the amount of 1.4 million. They are requiring a fee upfront for underwriting and initial due diligence in the amount of $2,750. Standard
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Hi , I want to do a flip on a house can I use fha to close ? If I decide to keep it can I refinance it in 6 month ? What would be the requirement on refinancing to remove the pmi ? Thank you
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I have 400,000 in equity in a deal... I am trying to do a cash out refinance for 160,000 the mortgage bank I am working with is giving me the 160,000 but out of that I am walking out with 75k... 40k towards debt... An...
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Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...
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So in seeking wholesale deals, I came across an investor looks to sell two apartments with 5 total units in a decent area of Baltimore (Greektown). All of the apartments are currently being rented, however, when vi...
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I have portfolio 20 rented single family homes to finance ($3m value, need 1.7m... 0.2 Refininace +1.5 cash out) that I own since 2-3 years.I am perfect borrower (high personal and business credit score, stable rents,...
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Hello,We have a townhouse in San Diego. We refinanced in 2019 and currently owe 428,000 with an interest rate of 2.75.We want to leverage this property for cash so we can get cash for a new deal and would like to know...
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I recently used a HELOC for a down payment and for some repairs. I will have to hold out for a bit to cash out refinance to make it worth it. So I will need to carry the HELOC balance for about a year. I was consideri...
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Happy Thanksgiving BP Forums!My wife and I have been researching into real estate investing the past year or so and are ready to pull the trigger and buy our first investment!We are looking at a buy and hold duplex or...