I have been using Michael Blank's SDA, and am wondering if anyone has experience with underwriting an assumable loan on his model? The assumable loan in question has a far lower interest rate than the additional debt ...
I'm new to the community and am interested in your opinion! I bought a primary property in 2022, which was purchased to house hack. I am now interested in purchasing another rental. The property currently has about ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $169,000
Cash invested: $55,000
Property needed cosmetic repair. Approached the seller asking they pay all closing ...
I received an offer for my property where he would pay my equity (300k) then use an "All-Inclusive Trust Deed" to make the payments on my mortgage (900k). He also suggested a 25k escrow account to make up to 4 pay...
We are working with a lender to get a cash-out financing loan on an investment property that own. But, we were just denied for the loan with the loan officer saying she was, "unable to get the refinance approved throu...
ok question, i need some thoughts ! my fiance and i are in the process of buying our first home, fha, we put an offer in on feb 14 signed the contact on the 15, closing date is march 31, we signed all our loan paper f...
Trying to get my head wrapped around the "line of credit" on a rental property. I found a bank that would do a LOC on a paid for rental property. My thought was to have a LOC just as "available" funds vs cash out refi...
I am currently a Junior in undergrad with a 3.97 GPA Major: Finance Minor: Econ. and I have a real estate license (I have worked with apartments mainly in the range of $500,000- $7,500,000). I can either do a +1 seme...
Hi fellow BP'ers!We recently took a personal 401k loan and used part of it for a 25% down payment on a mortgage (assume $25k). Additionally, we tacked on ~$6k in rehab costs to a personal credit card.With regards to ...
Hi BP community, wanted to collect your thoughts and idea's to help me brainstorm hacking some finances. Was thinking about taking a 2nd mortgage on an existing rental property to cover the costs of acquiring an addit...