Ryan Thomson
House Hack Without a Downpayment
CHFA Down Payment Assistance: What You Need to Know
For many Coloradans, buying a home may seem out of reach due to the high costs associated with a down payment. Fortunately, the Colorado Housing and Finance Autho...
David Hernandez
Too "much" equity, unable to refinance
Hello,I started renting my house last year (as I moved back with my family) and I'm ready to purchase a second house. I saw a good deal, but the price is just a little bit too high for me to qualify (debt-to-income ra...
Sejin Kim
How to make an offer and negotiate?
Hello, we are in the process of pherchasing our first property( Hopely) Seller is a bit motivated to sell and we want to do short term rental. when you submitting offer how do you guys calculate? We want to make sure ...
Brannon Harnish
Silent Second Lender
Hi all - I am a real estate investor looking to grow my portfolio. I have about $100k available in cash to buy my next few investment properties. I am looking for turnkey homes in the $60-85k purchase price range ( I ...
Paul Kit
seller financing with balloon payment. help!
please bear with my stupid question. I am learning.Seller offer seller financing with 15-20 years amortization and 10 years balloon. Is it better than a fixed 15-20 years term?What should I concern?
Nick Rutkowski
NY suspends mortgages for those in economic hardship
https://therealdeal.com/2020/03/19/cuomo-suspends-foreclosures-and-mortgage-payments/
What I gathered was if you fall on financial hardship and live in NY you can now ask your bank to modify your mortgage. You can ...
Jim Growfer
How to figure out my Debt Coverage? 7% factor?
Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
Trent Reeve
Today's market profit??
In today's market in my area, i can find some sub-$300k houses, with mortgage payment about $1,000-1,100 (after 25% down payment) would profit around $350-500. but my down payment would be from a Heloc, so after int...
Timothy Morales
3rd mortgage too risky?
Hello everyone! I am looking to get started in real estate investing and need some sound advice. I bought my house in 2018 right before the market boom for 369k and did a cash out refinance in 2020 when the rates drop...
Judy Parker
Commercial Lending
Hi,
1. I make 40k a year, would I be qualified to get a commercial loan?
2. How is commercial loan different than personal loan?
3. I already own a house, mortgage is 1400 per month and someone is paying 1600 and I w...