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 ...
Keith Dawson
Foreclosure question and hidden costs
Hello, we have flipped 3 houses through traditional means, but have moved to Florida and see the large amounts of foreclosure properties listed on the county website. I have been watching the auctions and am ready to ...
Sean Peabody
Sell home in foreclosure
Hello,Can a home be sold if the foreclosure process has already started in NYS? Behind on mortgage payments. The property has not gone to auction yet. Not sure if it is possible to sell it or if a hard money loan woul...
Jorge Esteban Vargas
Turning single-family to Duplex
Hello everybody, we have a 5bed/3bath single-family investment property in Forest Park, GA and my wife and I know that our zoning area allows duplexes. Since we have some land behind our property, we're thinking about...
Andre P.
Real estate and hud?
Is this still a issue or do HUD properties need a little extra precaution when being done?
Tyler Kesling
HELOC / Lease to Own
I'm still looking for my first property and I have a lead, sort of. My brother needs to move back to the area and found a duplex fixer upper. He wants to live in one and use the other for his studio. He and the seller...
Sandra S.
Great explanation about what's happening in the mortgage industry
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...
Peter Chan
What are some of the benefits I will miss out by paying cash as a 1st time homebuyer?
I will need to find a small place for myself and rent out additional room if necessary. Taking out a mortgage may not be easy since I don't currently have a 9-5 job. Plus, the mortgage rate is still high and I am not ...
Eduardo Gonzalez
Beginning renting out 2 properties.
Hello fellow BP community. Im currently looking to relocate to Texas /Dallas area. Im expecting a new baby and would like a change in scenery. Me and my Girl have our own homes and are wondering what the best method i...
Chuck K
Escrow adjustment question
I got a letter from my lender saying there's a escrow balance shortfall after they've conducted an account review. I can pay it upfront or pay it in 12 monthly installments by allowing them to take the additional amo...