Jeff Shorter
Borrowing money in one state and buying in another
Hi, I have a rental property in California that does not have a mortgage on it. I would like to take out a mortgage on it in California and buy a multifamily in Massachusetts. The advantages are that I can get a b...
Daniel Dietz
Best Way to do Joint Co-Borrower Conventional Loan?
Hello, I am looking for some advice/clarification on how conventional (meaning 30 year fixed) loans work for rentals when using a partner/co-borrower.A couple specific things are; 1) How does joint DTI work? Meaning i...
Aaron Briggs
high income borrower wants GRANT ('free' $) for DP/CC
In search of mortgage lender that gives grant $ for buying in a low-moderate income "census tract" (geo region that is poorer than middle class). This despite the borrower being high income earner. e.g. Bank of Americ...
Josh Kercher
How to borrow with good capital but bad credit?
Hello BP!
Wanted to throw together a quick conversation on how to borrow $ to invest in Multi-Family properties when you have a decent amount of capital but your credit is on the other side of the ship (under 640)?
...
Sam M.
Late breaking news......Not! Borrowers exit loan mod program
I am sure y'all have seen this already since Yahoo featured it.
http://finance.yahoo.com/news/Borrowers-exit-troubled-Obama-apf-887634101.html?x=0
Micah Kohls
Lender for borrower with no SSN (just a taxID)
I’m the seller. A buyer has approached me that does not yet have a SSN. He is a contractor. He has a Tax ID. How or who can get him prequalified to buy of he doesn’t have a credit score??
Account Closed
How can I remove a co borrower from mortgage
I will be BRRRR a property soon. When I refinance I plan to add a co borrower to the loan because my DTI ratio is too high to qualify on my own. My question is how can I remove the co borrower from the loan in the ...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Sierra Swords
financing question- non occ co-borrower putting all $ down
Hello!
I am curious about rules for house-hacking a 4 unit multi-family. I want to buy a 4-unit in my hometown (I am four hours away) for my sister to live in one unit. She would be the owner occupant. I would be a ...
Ryan Sweeney
CARES Act and Borrowing from IRA for Property Investment
Here it is, I have been wanting to get into real estate for some time. After a positive test for COVID, I qualify for the retirement loan withdrawal. Also, I work in the aerospace industry and have a strong potentia...