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This strategy will help your customer to pay off their loan and avoid damage to their credit rating.
You customer may qualify if:
Owner-occupant (rental or vacancy considered by lender on a case by case basis)
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So I'm about to go shopping for a second portfolio lender. My current portfolio lender is a regional bank and has been great. They have done five portfolio loans for me at 5%, amortized over 20 years with a 5-year bal...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $335,000
Cash invested: $50,000
Sale price: $430,000
Our first home and first "investment". Long-term live-in f...
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hi all, first post here and a complete newbie when it comes to anything real estate related. Apologies if this has been already asked.
my dad wants to 1031 an existing rental and rent out the replacement property to ...
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Hi all,Long time lurker first time poster.I am looking to get a foreclosure property (courthouse steps). One question that I can't seem to find an answer to is: What happens to a super long fixed-term tenant post fore...
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My partner and I bought a property with our LLC and attempted the brrrr method on it. Unfortunately the appraised value was not high enough to pull all the cash out. As result we both need to come up with 21000 each t...
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I currently own 2 rentals and my primary home. I'm trying to buy a 3rd rental now, but then I don't know how to continue financing rentals. All 3 properties are in my name. I found a bank that will refinance my 2 curr...
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Hi everybody - looking for some advice. I have an opportunity to buy my father's house from the trust. Here are the numbers Appraisal: "as is" - $1 millionIt will cost me $650k to get in: buy out family and pay off ex...
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Hey everyone! So I am a real estate agent in East Texas and I've sold 5-7 investment properties to clients. My clients usually always get 15-20 year loans that are on a 5 year ARM. Our local banks all tell me they ...
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Hi there, hoping you smart people can help me play out a scenario. We currently own our home out-right and it's worth about $450k. Last year we purchased a short term rental property with two loans. The first loan (30...