Hey BP'ers!
I was wondering if you could help me with something.
I’m having a problem getting a cash-out refi done due to a change in Fannie guidelines on 6 month seasoning for investment properties. I bought 2 pro...
Hello All,Background - I own 13 SFH all with conventional mortgages. - Currently, our LTV across all properties is 40%. - No experience with portfolio loans or commercial lending, educational awareness from...
What are your thoughts on interest only loans for buy and holds? I see the plus as more cash flow, but the downside of no principle paydown. My thought was that increasing cash flow in the growth stage of a portfoli...
Tight Supply Is Limiting Home Sales at Start of Spring
The record-low number of homes on the market is limiting purchases heading into the spring selling season.
Home sales typically slow in the winter before ...
I have a condo I bought with cash. Due to low ARV and current high interest rates a refi doesn’t make sense due to fees etc.New condo association rules prohibit selling to an investor. Owner occupied only. Property ca...
Hey can anyone help me compile a list of banks/lenders that do not have a 12-month seasoning period? Trying to cash-out refinance a property that I own to roll into another deal. Property is located in Binghamton, NY...
I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc. My realtor was r...
Hi all! I bought my first condo when i was 22 with my mom as a cosigner. I have that property rented in Colorado and am now looking to buy my first single family with rental potential. My idea is to buy a single famil...
My wife and I are trying to get started with rental properties, but only have a little bit of capital. A lender we contacted suggested that we do a cash out refinance on our home. He said a HELOC would end up costing ...
Economic Update (Monday, November 30, 2021)
The shortened Thanksgiving week was a relatively quiet period for our econo...