Bill Spell
Downsides to Private Money?
Are there any potential downsides to securing a private loan (from an individual) with the asset via a deed of trust vs. a personal private loan in a flip? I'm thinking 2 to 6 month hold on single family. Obviously ...
Kim Forgione
Advice on Lowballing REOs
Do banks have a set formula insofar as accepting offers on REOs so that lowballing is a bad idea? Was dropped from about $92K to $79K and I’d like to offer $50K. Is that too low? Would they counter or just not respond...
Darnell Lockett
New investors...Should you start out small vs larger when investing in Multi-Family?
I've seen this question often here on BP. When you're first starting out as an investor and you want it to be in MF properties, is it better to start with a 2-4 unit or go with something larger such as a 10-12 unit? I...
Dominique Rencher
1st Home as an Investment
Hello all! I am excited to be part of this community. I am a first time home purchaser that is looking to invest the property instead of live in it. I am wondering what my options are insofar as choosing a loan. I can...
Adrienne Donner
House Hacking Criteria
We are new to REI. We are looking at house hacking. We can't seem to figure out if any of the BP can accurately help us decide if it is a good deal.We can buy a house that has been renting the upstairs and downstairs ...
Account Closed
Seller Financing impact on DTI
HelloI am buying a new primary and in escrow on a seller financing property. Will the seller financing mortgage be counted in my DTI and ability to qualify for the mortgage on my primary residence?
Joe Au
Use HELOC to paydown mortgage fast
I want to build equity with my primary home as soon as possible. And I came across a method using HELOC to reduce the interest paid to the mortgage. Does any one have experience with it?
Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
Account Closed
Ashcroft capital - Paused Distributions
Anyone else getting notified this morning of paused Ashcroft distributions due to refinancing issues?
We have been working on refinancing the asset in order to access the equity and create liquidity to earnestly res...
Michael Perez
Market for Owner Financed Mortgage Notes
Hi all. I’m researching the market for owner financed mortgage notes. I found some stats that broke down by state the number of notes created in 2017. What jumped out at me were the numbers in TX, FL, and CA relative ...