Chad Linn
Delay on evictions does not apply to commercial real estate loans
Disregarding state and local gov't actions, it looks like the federal 'stimulus' bill that just passed only applies to federal backed loans. Is that accurate ?
Jake Springs
How much time should I wait between family loan and applying?
We have $70,000 of credit card debt that gives us a very bad debt:income ratio. My parents are willing to lend us most of the money to pay that credit card debt off so that we can get a good cashout refi. But I know t...
Chris Masons
Property in flood zone anyone apply for LOMA and Elevation Cert?
There is a nice single fam. I am interested in, however it's current flood zone status is what is holding me back and probably plenty of other people back as well..Just curious has anyone ever gone throught FEMA for a...
Kevin Walker
I have an exit strategy, but how do I apply it?
Hi all!!I have an exit strategy in my contract on a wholesale deal, but how do I apply the exit strategy? 1) Do I write a letter to the seller explaining why I'm backing out of the contract? 2) Are there any examples ...
Elliot Weldon
Does the 70 percent rule always apply to a good deal?
I recently purchased a home for 313k in a Minneapolis suburb. Great neighborhood and I wasn’t thinking of flipping it until I moved in and realized how nice the home could be. I am thinking that with 60k (higher end o...
Melissa Espinoza
Should I pay off student loan first before applying for mortgage?
I am paying my student loan off in full before the federal repayment/interest starts back up in February (current balance is around $13k). At the same time, I want to apply for a mortgage loan for my first property. H...
Eric S.
Seller to apply 10k credit to closing instead of reducing price
I am currently in contract for 2 unit at 300k with 4k closing costs. . Each unit rents out for $1550 currently. Taxes are $3300 a year. Everything is good appraisal came back good. Only thing we are going back and for...
Tom Tran
Seller wants 5% escrow and 10 days to apply for financing?
Hello,Is it normal for seller to asked for 5% escrow down, and 10 days to get financing on the subject property? We have an agreed price for an 18 duplexes at $900k, we put in the agreement escrow of $20,000. My quest...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Marco Lopez
How do I get a profile pic successfully applied to profile
I have tried various sizes of jpg files with no success. What is the secret to getting a profile successfully applied?