Michaelina Stathakos
Who can help figure out my Borrowing Power
Hello Biggerpockets Community, I need your advice...who can I go to to help me figure out my 'borrowing power'? We have 2 small multifamily properties each with small mortgages and generating good income. Plus our own...
Frank Y.
Private money borrower always pays interest payment late
Hi, I have a private money borrower who always pay interest payment late. Every month I have to email her and text message her about the payment. She is always late. Another thing bothers me is that the home owner Ins...
Aaron May
Does anyone have experience with Exposure Limit borrowing ?
I was approved for a large exposure limit line of credit. My understanding about this product is that it is intended for acquiring and renovating, and then I would refinance into a more conventional loan to finance lo...
Michael Rybas
What to ask borrower before loaning private money?
Hi,I'm new to loaning money for real estate deals and looking for advice on questions to ask the borrower. A fiend asked me to loan him money for 3 properties that will be demoed and 3 row homes with 3 apartments eac...
James Palassis
Borrower wants to pay significant portion of down
I am the lender on a 3 year loan with a balloon at the end, we are 14 months into it. My borrower came to me today to see if I would accept a $50,000 principal only payment, representing about 50% of the total loan am...
Curt Smith
CFPB protects owner occupant borrowers, who protects investors?
This is a case of read every thing you sign,,, but it's interesting.A lender loan from a portfolio lender. All discussion was about the loan being 30 yr amortizing. HUD had "conv no ins" checked, the lenders own fee...
Scott Em
FHA 203k Multifamily with Non Occupying Co Borrower
Hi all! I understand that in order to use a 203k with a non occupying co borrower for anything between 2-4 units (basically other than a SFR), the down payment increases from the 3.5% to 25%. I am a bartender and the ...
Kyle H
Foreclosure Auction FL : Borrower filed bankruptcy, no discharge
Property is being auctioned, O&E and Pacer show a BK that is not discharged. Although, I'm not even sure this is the same person as the borrower. My title company didn't have an answer today since they are in FL a...
David Fernandez
How much to borrow when appraisal comes high?
Hi!When you are refinancing a property and the appraisal value comes back way higher than your purchase+repair costs; how much will you borrow? The max the bank gives you to continue growing your portfolio? A prudent ...
Jesse Smith
Getting Past the 4 Mortgage Rule - Business Borrowing?
My wife and I have three conventionally financed properties (including our primary residence). We are in the process of purchasing a fourth, with a fifth identified. As I understand, conventional financing is genera...