Yogesh Bhadane
Big hit for investment mortgages
I am seeing significant increase in investment loan interest rates due to recent announcement from Fannie Mae.They are limiting investment loans intake and Lenders are asking significant down payment like 25% with 4.6...
Alanna Williamson
$80,000 K for a townhouse?
What would constitute me to pay a client $80,000 for a townhouse? 2015 build in Charleston, SC 2k sq feet, 2 years in on a mortgage, turnkey 3b/2.5 bath, 20 minutes from beach, assuming mortgage. Trying to understand ...
James Carlson
Think prices will fall? Look at what cities feed your market.
"Prices are too high."When I hear this during an intake call, I point to my favorite data on Redfin -- the source of migration into all markets. Basically, they track what cities are feeding the most buyers into your ...
Sheldon Alex
Wrap Mortgage Private Money Partner Analysis
Good day everyone. Here’s a quick example of a Private Money Partner funding opportunity I underwrote recently.The borrower’s exit strategy is to Wrap the property to a homestead buyer. Below are the figures:
Purchas...
Lamar Washington
My first Multi-Family New Construction Project
Hello BP Community, I'm under contract on a 2 acre lot of residential land on the West side of Jacksonville, FL. We are currently in the early stages of the land entitlement process, and I would love to get some feedb...
Dolores Waldron
Need help with verbiage for Craig's List Ad?
Hello All,I would like to put a post on Craig's List for an intern to help with 'driving for dollars' - can anyone share some verbiage on how I should word that.For those of you who use interns how do you attract them...
Eric Haque
HELOC Mortgage Fraud?
Hi all, QQ, I'm interested in taking a HELOC against my primary residence to utilize the funds to purchase a duplex (house hacking) which would then become my primary residence. In inquiring on my financing options, I...
Dick Rosen
Virtual Assistants to Screen Motivated Sellers
I'm thinking about taking on a VA to screen motivated sellers and if they're good I may even use them for follow up calls. Has anyone had experience with this? Pros vs. Cons? Taking calls and following up seems to be ...
Brian Zaug
Tenant requrest for furnace/humidifier sytem
I own a duplex and one of the Tenants called and asked me if he could install a humidifier system onto the furnace. He says he has sinus issues and needs this system so he can sleep at night. Our lease states that a...
Theo Hicks
"Rescue Capital" investing as LP?
What are some tips for analyzing "rescue capital" investments as an LP? Assuming you did not invest originally.To clarify, I am coming across some opportunities where a sponsor is in the middle of the biz plan, their ...