Ethan Bowen
How to offer seller financing terms?
Hello all, I'm going to make an offer on a property. I would like to give the seller a few different options. Obviously I know how to offer cash. But how would you offer say $70,000 on a 30 year notes at 3% APR?
David Zimmer
House hack loan options with existing mortgage
I'm not totally clear on this concept. I'm already in a 15 year mortgage on my townhouse and would like to roll into a house hack. From what I understand, I could not use an FHA loan to go into a duplex since I alread...
Daniel Alexander
NEED HELP WITH HELOC OPTIONS ON WHICH TO CHOOSE
Should I do a HELOC that has a fixed low rate (5.875%) that doesnt have an option for interest only payments, or a Variable rate HELOC (prime 8%) that has an interest only payment option...i would like to use the fund...
Landen Ward
Critique my Lease Option example?
Here is what I think I know a Lease Option is so far; looking for advice on what I have wrong, if not the entire thing:
Say a man is selling a $165,000 home for the mortgage balance of $150,000 to avoid foreclosure. ...
Denis Ponder
Cash Our Refinance Options on Investment
Good afternoon,I am weighing my options for a condo I have.Recent appraisal (Mar 2023): $232kCurrent Mortgage: $67kHELOC: Max is $100k; will have about $65k usedI am looking to cash out refinance this condo to invest ...
Kendra Williams
Seller Willing to do Lease Option...
Hi BP, I have a seller who is willing to do a lease option. He, through his realtor, actually brought it to me. I'm wondering how this will benefit me and if it's the best thing to do in my situation. It's a 4-plex th...
Tony M Batiste
Creditable private mortgage lenders?
Trying to figure out how I’m going to fund my first rental property. Are private mortgage lenders a good route for first time investors?
Alex Smith
Interested in House Hacking but Limited Multifamily Options
I am looking to purchase my first rental property. Love the idea of house-hacking and the ability to use FHA loan. However, my area of CT has minimal options for multi-family homes. I am at a point where living with r...
Jeff A.
Brrrr Commercial Cash Out Refi
Hey guysI just bought a mixed use multifamily with cash. Two 2 bedroom units and one storefront.I was looking to add an additional unit as well as other upgrades.Ideally, I'd like to cash out most of my money after th...
Jamie Gaymon
Lease Option the only option here - am I thinking right?
Hello everyone! I could definitely use your help to make sure my thinking is on the right track with this one. Here are the numbers:
The house is a 3BR, 1.5 BA rancher. It is 1120 square feet. The owner has finan...