Naveen Desai
How do I go about this? 40%equity commercial loan 30 yrs @ 4%. and want to reduce monthly payments
Hi, I have a loan ( commercial) @ 4% with 40% equity built in and remaining payoff about 117K. I would like to reduce my interest rate and also reduce monthly payments. Thinking of refi with 5 yr ARM. I know I can...
John T.
Question about Wholesale Contract Provision
A newbie wholesaler, who says he has a Mentor, has a one page Purchase and Sale Agreement that contains the following provision:"This contract is binding at 11:59 pm on the tenth day after it is executed by the buyer ...
Franchell Bryant
Hard Money lending ,FHA Or Conventional Loan for first rent prop?
Hello everyone! I need advice on which type of funding to use to get my first rental property in Houston, Texas ? Help please. I have information overload and just need to get started.
Rick D.
How Exactly Does a FHA 203k Loan
Can anyone point me to a narrative that explains exactly how a FHA 203k loan works? Is the process flowcharted out anywhere? How much repair can be financed? Do you make IO payments during construction? etc.
Thank...
Account Closed
Selling an Occupied Property
Hello All,Is there a good way to market a tenant-occupied property to other potential landlords? I have a property in northern VA that is worth about $500k. The tenant is paying $2700/mo. I just locked them in until s...
Keith Gertiser
Assuming a VA loan and house hacking a duplex
I Am currently looking to purchase my first duplex and plan on house hacking it. The property currently has a VA loan on the property at 4% and significant equity. I plan to substitute my eligibility for theirs, howev...
Peggy Mitchell
Loan Structure vs Financing
Hello everyone! Buying a new rental in New Jersey. Struggling with how to properly structure this purchase. My personal credit is in the 800 range and traditional lending can get me financed at 4 to 5%, this is my ...
Jay Chekansky
Possession Before Close Questions
Hey BP,I'm hoping to learn a few lessons from a what happened to one of my house flips recently.I finished off a house flip (the work) back in early February. The house was under contract the first week of Feb. The b...
Felix Rivera
Using Private Lender for the long run !
I found a home in my area. Beginning of a short sale. She owes the bank $121k. ARV $220-240k. Its not listed yet but the realtor called me and told me about the deal. She said if i would buy this house that she would ...
Tracy Z. Rewey
Ways to Use Social Media For Note Investing Due Diligence
I heard an interesting statistic at the IMN Note and NPN conference last week. One of the panelists (Jeff Freud with United Asset Management) mentioned they had found something like a 20% improved chance for getting ...