Account Closed
First contract is Subject to existing financing. Help!
Hello BP. Well after a dedicated year I have a deal! I have a solid idea of how to best capitalize but I am excited to see the many minds of BP share its collective experience for this newbie. I am in the unique posit...
Obdia Whitmore
Need help or advice on my Cash-out-refi
Hi BP family,I have an issue that I need some advice and possibly help on. I recently rehabbed a three unit in Chicago.My plan was to do the BRRRR method, but my credit score dropped tremendously due to me using my cr...
Danielle Spears
Closing a deal with an agent acting as the seller.
Hello all,So as a newbie it is taking me some time to get the owner of a home to contact me for a sell. So I have been responding to ads listed (mostly of craigslist) as for sale by owner. When I contact the poster of...
Frank Thomas
First BRRRR in Charleston
Hi Everyone,I am planning on taking the step on doing my first BRRRR in the Charleston area. I plan on using a HELOC for the down payment and rehab. I have a team in the area to do the rehab and a trusted realtor. I’m...
Dean Suzuki
Does this look like a good loan?
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Mohamed Mahmoud
Should I worry about a hard pull on my credit?
Would it make a difference if I approached several lenders for preapproval?How much would my credit score be affected?
Scott Beebe
Sale primary residence or rent it out?
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545; min-height: 14.0px}Hi all,Need some quick adv...
Jeff Mack
West Palm Beach FL | New investor
I'm an active investor, however, new to this asset class. Over the last 20yrs my focus was strictly equities {stocks}, REITs etc. Considering cheap {starter} neighborhoods like century village, golden lakes or other a...
Chad R.
Pay down mortgage by selling Property #2 without capital gains?
Hello All,My wife had her own house when we met, we live in the house I owned. She has been renting her place out since 2014.If we sell her place can we use her equity to pay down the mortgage on the house we live in ...
AJ Wong
Never. Stop. Learning. 20 years around mortgages and just discovered 2x1 Buydowns!
As primarily a buyer's broker the increase in mortgage rates has clearly made some investments and property purchases prohibitive. One part of the solution could be a 2x1 mortgage buy down. As I understand it, buyer's...