Elizabeth Zuniga
Anyone with hard money loan experience
I need help with a hard money contract that I am about to sign. I need to make sure that it isn't a scam. This particular lender doesn't use collateral for his loan. He uses insurance and there is an insurance fee tha...
Thomas DeLay
Low down payment .. to lock in interest rate
Looking to purchase another home for a house hack with my wife. We have enough for a 20 percent down payment but would like to get a lower interest rate, would it be possible to put 6 percent down to lock a lower inte...
Dave Rav
Quick 101 on Note Investing?
I'm an experienced investor looking at possibly putting in an offer on a 9-note package of MHs. I dont know much about this subsection of REI. Seeking a quick summary of how it works? Thanks in advance, guys!
David Neubauer
First time flipping a house - Need to knows
Hi all, Over the past year I have been gathering knowledge on various different types of real estate investing. In particular, I am interested in flipping homes. That being said, I have never flipped a home before, so...
Moshe Cohen
How to bypass the 6 months wait to refinance
Hi everyone!I have an option to buy a house for 290k with an ARV of 350-360.I have the funds in cash but was told I need to wait 6 months before I can refinance for the ARV and not for the purchase price I paid for it...
Michael Blakeney
Personally guaranteeing a mortgage and buying a new house
We are looking to buy a new house to live in. Preapproved and ready to go. We also have an LLC with a rental and just took a fix and flip loan and applied for a 30 year loan. Would personally guaranteeing the LLC loan...
Jeff Hamlin
Commercial Financing - Kansas City
I'm looking for a referral for a lender in the KCMO area for a multifamily purchase. Please let me know. Thanks!
Jeff Hamlin
Charles Granja
Does an underwater mortgage stop me from purchasing real estate?
Hello,I have a question on a scenario:From what I am aware on QM loans, what matters is my credit score (history of paying debt service), my income (W2/DTI), my rental property income (2-years), and cash reserves. Let...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...
Mike Musarra
Ballooning out of a Hard Money Loan
I'm purchasing a home in a suburb of Cleveland with Hard Money. My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single...