Background:
We bought an investment property in a major city in USA. Our agent is the broker and also a mortgage broker as well. We have enough funds to buy the property in cash but we decided to put 20% down and get...
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
How is the score calculated for "Top Contributors" in each forum? Is there a way to see someone's score or our own score without being a top contributor? Or is it super-secret, behind-the-scenes magic that is spoken o...
Hey guys Wasn’t sure what to do with the situation I got myself into and wanted some opinions. After a failed partnership, I was left with around 50 k in debt only 10 k cash and another 30-40k debt from current prope...
Ok. Seriously. I finally decided to get the AMEX Platinum card. I like the perks that come with it. Being a RE investor, I figure, why don't I put the downpayment on my Amex, and treat myself to a vacation once I...
I'm on my second rental property, but I've always struggle with the background check. It seems that most of the bad applicants won't even fill out the one page background application and return it if they have a ba...
Sorry if this question has been asked or if it seem silly, but I read on the commercial real estate lending requirements and it seems lenders look at the investment return of the property itself to decide if they will...
WE have a house for rental for $1499 a month, its been out there over a month. We have one applicant with income $7200 a year(Not verified yet) with 660 credit score, though this person is in $260,000 debt. We can't t...
Should I simply call the banks to get a ball park on the rate and do my calculations with that estimated number or will I need to apply and get the rate available for investment properties at several banks? Won't the...
I’m trying to understand how people are buying multiple units in a year or so, without their credit score crashing. I would assume after your second mortgage in a few months the ability to get another one, even at exo...