Just curious as to what happens to one's credit score after obtaining financing for REI? What can one expect after the first loan? And second, and third, etc? Let's assume all payments are made on time.
Hi Everyone,This may seem like a simple thing but it's been awhile since I have done this. We are buying a duplex and we are financing that outright and then next door she has a vacant lot that we are going to purchas...
Hey all, got a question about HELOC vs home equity loans.Lets say I want to buy and investment property that is $30,000. (For this lets assume it will cash flow, etc) The down payment for this property lets say is $6,...
Hello, I recently acquired a property subject to the existing financing on the home in California. There is $60000 left on the mortgage, with 17 years left, payments of $598 + ins & taxes. I have rehabbed the pro...
What income is counted for a mortgage? And how much could I get? Say, if our income is $300 a month?Or $2,000?Thank you!
So the deal is that I'm fling bankruptcy something I didn't intend on ever doing but two divorces can do a number on you. The lawyers tell me that I can either wait two years or I can find a way to do it now. He claim...
Investment Info:
Small multi-family (2-4 units) fix & flip investment in Arvada.
Purchase price: $511,000
Cash invested: $30,000
Currently working to rehab this duplex in Arvada with the intent o...
Scenario - one private home; multiple investment properties - when attempting to re-finance a hard money loan for ONE investment property, in terms of the "front-end" ratio (which I understand to be max 28%), does the...
I am looking for my first deal and considering using a home equity loan or home equity line of credit to pay for the downpayment and/or slight remodel on a rental property.
Can anyone easily explain the difference in...
What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...