Just called a lender to get my pre-approval before looking at a HUD home for sale. Was looking at a 203K to get repair cost built into the loan. She responded that they do not do 203k's unless the property will be O.O...

This is an answer i received from the loan officer. I am frustrated because a deal i wanted fell through when the Bank that was selling the property refused my FHA 203k loan...then i tried a conventional loan. The...

Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...

Hi BP!  My husband and I live in the SF Bay Area where home prices have risen substantially in past years.  We want to leverage some of our home equity and use that equity as down payment for our 2nd rental prop.  We'...

Hello all,
In the middle of acquiring my first rental duplex in Ohio as an OOS investor. I have two major questions.
Should I open an LLC for it?Should I open a new checking and savings for it? (mostly what ive read...

Let's say I remove all my contingencies. My lender tells me we are ready to rock & roll.

Then something unexpected happens. I loose my job, my credit score dips, or my lender denies my loan for some other rea...

In July, my husband and I invested $112,000 in a single family home.  We financed it through a mortgage company with 20% down obtained by selling stocks. After putting $3500 into it, the home is now valued at $150,000...

Hey bp , I recently had a conversation with a friend who recently became a realtor. He was informing me that the int. rate on a mortgage loan might possibly reach up to 7-8% in 3 years. We also discussed my goals a...

Does anybody know of any good Loan Amortization software solutions out there?I've been using Loan Amortizer Enterprise (loanamortizer.com) on my PC for several years. It's a pretty decent program and it gets the job d...

I may just have to chalk this up to a lesson learned, or decide to get a new banker on my team. Tell me what you think.So, I went to finance a house and my banker(who I've done 2 other mortgages with) asked me if I wa...