if you don't mind telling me what types of loans are there for investment properties
I have already purchased the property and im in the final stages of city approval for the conversion. Need a lender that will cash out refi only for the original purchase price not ARV
I have a question for all the mtg broker folks out there.
I have a primary mtg of $400K (fixed, 25 year @ 3.875%)
I have a home equity line of $200K (variable at 3.25%)
House will appraise for $900 or more (have r...
I am currently a FNMA/FRE conventional MF underwriter based in Maryland. I have been underwriting for 10+ years. I am interested in learning more about the CRE industry and exploring new opportunities, including inv...
How does Refinancing work with the BRRRR strategy, or any strategy using refinancing in its strategy? If 4 homes is the max that most lenders use for initial financing are there different rules that banks use when ref...
We are considering buying a SFR for the land. After tearing down the building, a double wide will be placed on the land for rental. I believe neighbors won't complain given that1. The exisitng building is pure eye sor...
Hi all, as the title suggests I am submitting an offer on a non-conforming 2 unit in the Logan Square area of Chicago. The property would be conveyed to me as vacant and after crunching all my numbers over and over ag...
I'm in the middle of an deal for a legal two-flat in Chicago with FHA financing, but the numbers only work if I convert the basement into a livable space. FHA loan + expenses is $3000, Rental income with 2 units is $3...
Hello. I recently was looking into a mobile home park that I was considering purchasing. During my investigation, I learned that the zoning had changed and you are no longer allowed to bring in new homes, even if t...
We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs. The home is worth. $400K Our primary residence is on a Inter...