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I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...
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I am a home builder in Northern Indiana. The biggest challenge I run into is getting my customers approved for a construction loan. Most banks (if they even do construction loans), will require a 700+ credit score and...
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I'm talking to a lender who is concerned that if he seller finances and if I bring in some hard money for the rest that the hard money lender will be in first position and he will be in second position. If he is in se...
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Hello, This is my first post here. I am new to real estate investing and looking to purchase my first investment property located in Central New York looking to purchase a 4 bds 2 baths 1850 sqft. Asking price $149k h...
Hi Everyone,I am reaching out to see if anyone knows of a lender for home construction projects in the greater Philadelphia area. I am looking to start small on a flip and I have cash for a house/shell. I would need 1...
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Hey guys!
I started knocking doors 3 days ago. Today it paid off - a neighbor put me in touch with the owner of a vacant house who is having serious landlord issues. She doesn't know how much she wants.
I want to ...
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When acquiring a property using hard money . Do you pay the lender back after you refinance the property? I just want to make sure I’m understanding this correctly . Also is there a way to get a lender to fund the reh...
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I’m doing the Brrrr method.Have a house I’m interested in.Purchase Price: 152kReno: 20kARV: 205kI got preapproved for a conventional loan at 4.52% for the 152kBut I also have 100k in cash that I can access.To keep it ...
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Any tips on the best kind of carpet to install in a rental and best place to go for carpet? I was thinking about using Costco and getting a Berber style. Also, considering offering to let the new tenant choose the car...
Hello All,
Thanks in advance for analyzing this deal.
Main two questions would be: How does the Dott Frank Law effect my deal, and how can I work around it or be exempt from it.
Heres the deal:
...