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...
Junior Shay
What amount I can get with this credit report
Hello,
I’m still concerned with amount of finance that is possible for me to take out as a first loan. So based on your experiences and knowledge what is the max amount I can take? Im aiming for 650k loan. Could that...
Laine Furukawa
BRRRR Newbie | Properties w/ conventional loan
Hi BP Community!I am an owner of 4 out of state investment properties. All acquired through conventional loans (20% down) and currently rented with a decent return (10% -/+). If wanting to incorporate the BRRRR meth...
David Taylor
Renovation loan with a 10% down vacation home loan?
Is this a thing? My wife and I are considering taking advantage of 10% down vacation home loan for our first STVR property. Is it possible to include renovation costs into this kind of loan, or would we be forced to t...
Benjamin Maughmer
MLS listing as a Seller Finance
How should I answer these specific MLS input questions as it pertains to seller financing? We own the home and have a sweet 3.75 % interest rate. So, we want to sell on a wrap. Owner financed - 10% down, with 10% i...
Hernando Quintero
Can one use a HELOC for downpayment on FHA loan?
Has anyone done this? I’m trying to use my creativity to break into the California market and house hack. I have some equity on a STR in Florida and would use it (if allowed) to pay for a downpayment on a FHA loan. ...
Adoney Reid
Buying 1st Investment Property Next Q3-4, Will Taking out business credit card affect
Hello BP Community, I am looking to purchase my 1st investment House-hack multifamily property this year in Q3-4. I justed wanted to know if it makes sense to take out a business credit card for my business ? Apprecia...
CJ O'Loughlin
Lender that does an immediate refinance for a 1031x
We're in the process of doing our second 1031x this year (shoutout to Dave Foster for keeping up with all my newbie exchange questions).
I have an offer in on a duplex in northern Colorado. Anyone have any experience...
JC Ceba
FHA 203k loan process?
Hi there, I'm trying to gain a better view of the entire 203k loan process to avoid surprises for major rehab purposes. Based on my research, this could represent a basic yet inexact roadmap of all the steps. Can you ...
Johnnyson Jones III
Loans and funding for 10 unit property
My father and I have found a decent 10 unit apartment complex in our state. When we went to our bank to begin the qulaification and approval process, they recommend we start an LLC, submit some sort of executive summ...