Quintin F.
Carrying real estate debt
We are about to begin the process of purchasing our first home and I was hoping for some insight into the pros and cons of getting a 15 yr fixed mortgage with the following scenarios: 1) minimum down payment, and make...
James Orr
Any agents working with REI that owner occ then make rental?
I'm a real estate broker in Northern Colorado and have been focusing on working with clients that owner occupy first then convert properties to rentals (we've been calling them Nomads).Any other agents out there been ...
Gus Muller
Rehabbing flip with "Stay at home" order in Minnesota
Hello BP community! I have a flip going and am wondering what everyone's thoughts are for continuing work at it. We have been put on a "Stay at home" order here in Minnesota from our governor. We are 3 weeks in, the p...
Peter S.
Minimizing downpayment for 5th mortgage (a duplex)
Long time lurker, first time poster.Over the last 18 months I've purchased 4 buy and hold properties and I just signed a purchase agreement for my 5th, a duplex is Grand Rapids, Michigan.Every property I've purchased ...
Zack Kosenka
Is a Lease Option for a Pre Foreclosure Seller a Possibility?
Hello BP fam,
I have been talking to a family that will lose their property early in June if they don't pay their mortgage.
I originally went at this situation with subject to financing in mind. However, I have re...
Donald M.
Minimum Downpayment for an owner-occupied condominium
I am thinking of buying a condominium which I will owner-occupy, at least initially. In general what should I think of as the minimum downpayment and can I contact any lender to get it, eg should I just look for h...
Luke Perrin
First Rental Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $327,000
Cash invested: $16,350
New build. 3 bed 2 bath ranch with unfinished basement. House hack - acquired with ...
Mark S.
Freddie Mac Investor Loan
I spoke with local bank today, and after offering me a 3/3 ARM with 15% down to which I told them I much prefer a fixed loan, I was told that they could likely do a Freddie Mac investor loan for 1-4 units.
I was ad...
Rudy D.
Note Investing Questions
I just want to be sure I understand notes. When I buy the note, I am buying the debt, however I don't actually "service" (collect payments, send out bills, etc) for the loan?So if the person defaults on the loan, I do...
Scott Bell
How to refinance a rental.
I would like to find a refi method that I can use for a rental. I have $10,000 equity on a $88,000 home. I want to limit how much cash I bring. Any ideas