Hey guys. I'm looking at 2 or 3 multi family properties for my first real estate investment. I have spoken with a couple banks who send me to their commercial loan department after I explain what I am trying to do. ...
Good morning BP,I have a question about my current loan. I purchased a home about 6 months ago via a FHA loan. I have received a notice about having my PMI reduced or removed. Good news to me up front. I recently fo...
I had bought a rental property in 2010, 50% down, about $4000 closing cost. Last year (2013) I paid off the rest of the 50% to be able to take loan for other rentals.
Since i paid off the loan, i will not be ...
Hello guys,How is it possible to finance as many as rental properties that I want without proof of income or w2, etc... ? For instance, how can I finance about 40 rental properties with cash flow of $200 (net) a mont...
There is a seller who is selling with an assumable mortgage. The purchase price is 220,000. The seller has 150,000 left in his morgage. If I live on the property, can I get a FHA loan for the $70,000 which would be a ...
Currently these are my options for my first property, which will hopefully be a multifamily property. I've had two friends use mortgage brokers and liked the experience but what is your take on either?Do you prefer on...
Often time, prospective home-buyers become homeowners by securing a secured mortgage loan in the first instance and then subordinate them with a second mortgage loan, often known as the home equity loan. Due to the...
I'm a new investor in Maryland, parkville and Baltimore. I am currently trying to save for the down payment of my first property and wanted some advice about getting financing. I am really considering doing an fha loa...
I'm reviewing the terms of my 30-year fixed mortgage and the lender is charging me 6% interest. My credit score is good (800). 6% seems high to me. Has anyone else obtained a similar mortgage recently and can share th...
Does anyone know a lender that will offer a loan for a SFR, under an LLC?