Brie Schmidt
New Loan Limits - Chicago
YAY! Loan limits have been increased for Chicago on conventional loans! This means the 5% down, 20% down, and 25% down loan programs. My bank can start using the new loan limits as of December 3rd. Message me for ...
Bradley Bladon
Lima One Capital reviews updated
I recently went to a local REIA here in SC and Lima One was the guest presenter. Apparently they’ve experienced a lot of growth and tout themselves as the largest volume (or one of the) largest Hard Money lenders in ...
Keith Nicholson
“Due on Sale” insurance
I am very interested to find out more about insurance that is supposed to protect you in the event of a “due on sale” clause. Pace Morby spoke on this in episode 527 of the podcast. Does anyone know more about this or...
Tonie Jo Andrews
Lee Arnold's Private Money Brokering
Hi there! I'm really wanting to get started in real estate investing, but finances are tight (I'm sure that sounds very familiar to all of you!).I was intrigued by a program Lee Arnold has, which is essentially becomi...
Corey Dutton
5 Crucial Items Needed To Close a Rehab Loan Faster
Every lender, whether a bank or a hard money lender, has a list of items they require to close a rehab loan to fix up an investment property. For a hard money lender, here are 5 crucial items that will allow you to cl...
Zachary Vanison
DsCR loan breakdown
Hey bp family I’m Zachary I’m a beginner a week in to be exact but I took my first shot at at a FH a loan unfortunately due to the lack of income I brought in I didn’t get approv so I look for other options and ...
Priti Gupta
Seeking advice as a new investor
Hi BP community,I am brand new to real estate. Trying to buy my first primary residence this year to do house hack or live in flip.Already in talks with a lender. But wanted to check if anyone has any advice on a few ...
Harry Shmelts
Seller Financing Family Sale - How Can I Purchase a $400K Home for $275k from Parent
Hello everyone,
I have a unique situation regarding a real estate transaction within my family, and I'm seeking some guidance and advice. I hope you can provide me with some insights or share any experiences you may ...
Justen Ashcraft
Escalated to a higher underwriter?
so my loan officer sent me a text saying that my loan was escalated to a higher underwriter and was to be reviewed as new. What does that mean? Thanks.
Michael Putman
Financing a Syndication Deal
Looking for advice...I found a great deal and a partner who is willing to fund the down payment and apply for the mortgage of a 30 unit complex. However, if I create an LLC and place the property underneath it will bo...