Jorge Delgado
Dscr loans and llcs
Is a Dscr loan the best option if my dti is fully maxed out and have a good amount of capital that I want to invest in? For llc, when investing in different states, do can I just put it under one llc or do I have to h...
Ryan Boyce
Accidental Flip & plotting the Next Step
Hello all, I am Ryan and I am new to REI, but have been a sponge to bigger pockets for about a month now. I have been soaking every podcast, key word alert, and forum up. I have a genuine passion for real estate an...
James Maradits
Tapping into Equity without income verification
I'm looking to utilize a portion of my $100k + in equity in my personal residence to use for acquisitions and short term holds. I formerly had a HELOC that I used to flip properties with, but I have since sold the ho...
Austin Hughes
My Bank Ran Out of Money
This title is not a gimmick. My bank ran out of money. I emailed my lender asking about a new property I put under contract, and he said, "We are totally out of money. We can't make a loan to anybody."I'm not surprise...
Account Closed
Why do some 1st mortgages prohibit a 2nd mortgage?
I've noticed this in several 1st position notes but never fully understood why. I have some ideas but am curious what others think.
Lance Knapp
Renting Out Primary Residence
Two months ago, I closed on a triplex using a 20% down conventional home mortgage. I had intended to live there, but I came to realize that my commute to work wasn't feasible. Also, the perfect alternative living situ...
Veronica Mitchell
Nightmare surprise before closing
Hello everyone,
As the title says, we are 3 weeks away from closing and we are in a big dilemma. For background information, I'm a W-2 contract employee who makes 80k+ a year and I have been working at this job sinc...
Shane Short
FHA question for the Mortgage Brokers out there.
Hey everyone, currently I am living in a 2 bedroom apartment with my girlfriend and a roommate and we split the rent 3 ways. It only cost me about 500 dollars a month to live here, which is great in the Portland Metro...
Marci Stein
comercial loan for SFH?
I was referred to the comercial dept for a cash out loan on my small SFH by a small town bank, because it is an investment. Is that normal? I am not an LLC, just an individual. should i pursue this bank or try another...
Ross K.
15yr @ 80% LTV or 30yr @ 70%?
I've come to the refinance stage of my BRRRR duplex in San Antonio and am looking at options. A conventional FNMA loan is running 70%LTV with a 30 year am at about 4.625%. I can also get, from a local bank, a 15yr am...