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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
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Hi,
I have a former tenant that would like to buy a house. Currently this person has almost no credit history. He has never had a credit card and has never had a loan. He had a couple of outstanding gas and electri...
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Hey BP!I am interested in lending IRA funds for real estate projects to interested investors. If you have taken private money or hard money loans before, I am happy to hear about your experiences and any feedback you ...
SupHi all , I am a newbie at this. So please correct me if I have the wrong idea.. any suggestions are greatly appreciated .. I am in my 5th year of my FHA single family.. I am looking to re-fi soon into a conventiona...
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Many years ago, decades actually, people with high debt loads, like us real estate investors, could not achieve high credit scores. The algorithm would limit scores based on arbitrary absolute numbers, like $2,000,000...
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What happens if a buyer defaults on a seller financing deal after they have already made improvements to the land?
Here's the story… I am a realtor inGainesville FL and I have the seller and a potential buyer posed t...
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What happens if a buyer defaults on a seller financing deal after they have already made improvements to the land?
Here's the story… I am a realtor inGainesville FL and I have the seller and a potential buyer posed t...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/224143/small_1621434403-avatar-gabriela101.jpg?twic=v1/output=image&v=2)
I am purchasing a home with a VA loan in which seller has agreed to pay $4875 in seller concessions. Let's say my closing cost are not $4875 and they are less, what can I use the left over money for? I don't want to l...
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Hey everyone, so I'm not sure if this is possible or not, but I figured this would be the best place to ask. Right now I believe the only way I can obtain a loan for a mortgage is to get an fha loan. But they require ...
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We have a seller lead looking to sell their home later in 2020 to free up cash for a construction loan to build a new home that will then be their personal residence. After the sale, the couple wants to rent the prope...