Cirilo Villar
Can I wholesale a property if they have less than 100% equity?
So how much equity should a potential seller have on their property in order for them to be able to sell their home. Anybody have a neat script you can share ?
Jered Sturm
Best Way to Use Agency Small Balance Loan Products? (Multifamily)
Hey BP Members. up until this point, our company has used local and regional banks for our debt. Now that our balance sheet and liquidity has risen we are weighing in agency debt as well for a potential $3-4M Purchase...
Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
Our tenant vacated our property, leaving extensive damages that surpass the security deposit. How can we effectively pursue the charges if the tenant refuses or ignores the responsibility to cover the repair costs? A...
Melvin Mickens
Subject Too and Loan Officer
So I have a seller interested in Sub to but the loan officer told here he wouldn’t finance her second home. Any suggestions on how to over come this or a LO that can give me advice on how navigate this deal.
Damean Townsend
Mortgage/Collateral Question
I have read many years ago of a way to get a bank to loan you money based on the property as collateral. The deal would be a purchase for "a dollar" from the seller. We close. A loan for the purchase price of let's sa...
Anthony Sgro
High DTI...difficulty finding a lender
Hey everyone! I’ve found my first rental property that I would like to put an offer on, however, I have an DTI of 46%. I have plenty of cash for a 25% down payment, but I’m having a hard time getting past my high DT...
Eduardo Bilbao
How to bring investors into a deal? How do you set up contracts?
Happy Sunday everyone!I have investors that are considering investing with me but I am stuck on what to offer them back. I have personally been thinking on giving them a 8% return on their money until the money is pai...
Frank Guzman
When is a loan modification fraud and who is responsible?
Owner of 2nd mortgage started foreclosure 2018 for non-payment and was pulled into Chapter 13 BK. BK Judge released BK hold to allow foreclosure by me after I proved the Original owner had quit-claimed property to ano...
Elizabeth Kness
Lender is adding “Rent” to my debt even though I don’t have any
I am currently under contract to purchase an investment condo, non-owner occupied. I live with my boyfriend and do not pay rent or utilities for the last 3 years . He owns his house and pays his own mortgage. My lend...
Jacob Beg
FNMA mortgage qualification question?
Hi All,
Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow ...