Curious to know other's experience on first note purchase/or seller financed created note. What went right? What went wrong? Is there anything you would do differently? After going thru the experience of creating...
I put some pretty detailed info in my profile, so I won't reiterate all that here. Suffice it to say I'm into residential rentals, my first purchase was a distressed 12 unit which I have since turned around, and I've ...
Good evening I’m a complete novice and need the opinions of the experts. I’m looking to purchase a certificate on a multi unit condo building and need to know if it is worth purhasing. The certificate cost is 166.69, ...
Looking for a lawyer that can look over a situation I am in as a second note holder in a property. Borrower has failed to keel his end of the deal by doing a fix & flip. Primary note holder wants to take over the ...
I was just talking to lender who said they offer a loan for primary residences and secondary homes that requires no income or employment verification. All you need is a bank statement showing you have the down payment...
Hi Everyone,I am a new investor trying to acquire financing for my first deals which I have in pocket and ready to go. I have been all over the map looking for financing. My corporate job is ending soon and I don't ...
Hello everyone!
I'm interested in obtaining a HELOC for one of my investment apartments. I've done some research and there aren't many lenders offering HELOC for investment properties. TD Bank is one of the few that...
Financing changes caused my buyer to walk away one week before closing. Lender cut $1 million from loan amount and required 12 months PI TI totaling over $700,000 to be held in reserve. I was concerned with the corona...
Hi all,I'm considering a multifamily purchase in Birmingham, AL and was wondering what the rental market is like there. Any input from some local folks would be much appreciated!Thanks, Evan
BP Community:
Branching off the next wave of foreclosure posting I wanted to get a sense from the community on what would happen to the mortgage market once the Fed has stopped buying up mortgag...