Chris Thomas
Using Hard money upfront then converting to DSCR loan
I’m trying to understand how to go about purchasing properties that need rehabs with hard money then converting to a dscr loan after the rehab and new appraisal have been completed. If anyone could layout some basic s...
Michael Davidov
Lender requesting a ton of docs
I'm in the process of doing cash out refi's on 2 rental properties. One is with a portfolio lender, the other is with a Fannie Mae lender. I applied with both using only my W2 income which is sufficient to support...
Account Closed
Wrap around mortgage for commercial property
Hello,
Somebody told me what I can use wrap around mortgage to buy a commercial property. It's true or not.
If yes, how it works?
Thank you for help guys
Account Closed
Loan advice needed for a No-Doc, owner-occupied mortgage
I need a loan to finance a property (single family home) that will cost about 80-100K. I can put 20-25% down. This is my first property purchase and I am wondering what kind of loan I should seek. I do not qualify...
Mergim Kacija
Seeking Advice on Lender-Placed Insurance Dispute After Loan Payoff
Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Travers Xanthos
Lending money to client for bridge loan on commercial property
A client of mine has approached me about lending him some money for a commercial real estate deal that he is working on securing. He is an experienced commercial real estate investor with a $10M portfolio that I trust...
Jabari Seabrook
"Self-Employed in Charleston, SC: DSCR Loans for New Construction on a Triplex
BP Community,
In this blog post, I'd like to discuss my situation as a self-employed individual seeking financing for a new construction project on a triplex in Charleston, SC. Despite having a credit score over 70...
Dennis Bates
Baltimore City- construction loan if next to a vacant
Hello All- I'm an investor in Baltimore, MD, and I am in the process of buying a row home from a Baltimore City auction. Once rehabbed it should have an ARV of over $200K, which will provide a nice profit if I decide ...
Julian Inoue
Conventional Loan for an Investment Property - Lender Fees
Hi BP,I have a lender question I hope you can help me with. What should I expect to pay in loan fees when acquiring a loan for an investment property? I have great credit, zero debt and this will be my first conventio...
Account Closed
hard money lending Questions
Good morning to all. I want to reach to ask about hard money lending, I was seeing if anyone can tell the good / bad / and ugly about getting this type of loan. If I go this route I am looking to use the hard money ...