How does do it typically take to get your appraisal back and how did you respond to it if it was unfavorable(more than 10% off a private appraiser)?Context, I got a private appraisal(favorable) and it was back within ...
Hello Everyone,First post on BP... super excited!My Question - Should I continue aggressively paying off student loans or start saving for downpayment?My Situation - 23 years old... roughly $10k remaining in student l...
Every few years I cash out refinance and I am getting used to using this as a way of generating cash flow. Class A neighborhood, so far its been great with very high appreciations in last 13 years and am lucky to do ...
Hey peoples. I want to get a heloc to use for down payment on another house but don’t know if it will negatively affect my debt to income ratio when applying for the conventional 30 year so should I apply for loan fir...
Being in the real estate world it appears to me that flipping has changed for almost everyone. The interest rates have spiked. It is much more difficult to find a house that is going to provide you with positive cash ...
All things equal and assuming that other loan parameters like DTI/etc are met, does having a share-appreciation mortgage/home equity investment/reverse mortgage disqualify one from getting a refinance from a conformin...
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...
I've moved my business model to a scaled business only buying low-end 100K and under properties. We're on track for 150 or so this year and wholesaling anything above that price point. I'm curious to hear from other...
I've been offered to purchase an owner occupied first position mortgage note on a home in Florida, originated in 2016 at 6% with a 30 year amortization but a balloon due in 2 years in 2018. Borrower has defaulted on t...