Evan C.
Place properties in a trust to borrow against equity?
Is it possible or worthwhile to put a few properties into a trust (of some kind...) for the purpose of making it easier to borrow against equity? This question came up in discussion between an investor and a property ...
Bienes Raices
Proposed gov't plan would allow underwater borrowers to refinance
http://www.nytimes.com/2011/08/25/business/economy/us-may-back-mortgage-refinancing-for-millions.html?_r=1&hp&gwh=1E3892162A33C834D3163EE4928B54CE
Cameron Dewell
Co-Borrower for Re-Finance (Make some extra money)
I currently have an accepted offer on my first rental property. I haven't been a licensed real estate agent for a full year ( self-employed ). Therefore, I can not qualify for bank financing or any kind of refinance. ...
Bob Malecki
Lender compliance for direct borrower contact in N. Carolina
I saw this item on an email from my servicer and am concerned if we are violating any state regs for NC since we have loans in Charlotte and one of my VAs has been doing the consumer outreach for workouts. Our service...
Dave Finigan
Have you borrowed through Host Financial? Looking for feedback
I am doing a cash-out refi on an STR townhome/condo in a vacation/resort community. It seems lenders in the condotel world are hard to find right now. Anyway, if you or someone you know has worked with Host Financial,...
Mary Eubanks
Second lien to borrow gap on an assumable loan
I am a Realtor and have a seller that has an assumable loan, but that still leaves $300K between the balance and the sales price. Any lenders have a program that would lend the gap with an acceptable downpayment?
Jonathan Chan
Things to look for when vetting your potential borrower
As private money lenders, protecting your investment starts with careful borrower vetting. Here are some key red flags to watch for:
🔴 Lack of experience: A borrower without a proven track record in real estate proje...
John Anderson
Lost my job, but I have a co-borrower?
Hi all,I would like to purchase a home near my son in a neighboring city. Unfortunately, I was let go during Covid and currently have no W-2 income. I have ample savings and a good credit score, and one of my other ch...
Dan Costantino
Will buying a rental hurt my personal borrowing power?
If I buy a property in an LP, but have to personally guarantee, I would assume that would hurt my debt to income ratio, correct? Or does it only hurt me if the cash flow is less than 25% (I heard that from a fellow i...
Albert Young
How co-borrowing impacts future debt to income ratios
I recently purchased a triplex with my in laws. It is a shore property that we plan on renting two of the units seasonally and keeping one unit jointly for our own use over the summer. Both my wife and I as well as ...