Account Closed
How to back out of purchase w financing contingency
Looking for advice from any mortgage professionals.. I need to get out of a purchase contract which is only subject to a financing contingency at this point. I basically changed my mind due to recent personal life de...
Brandon Ribeiro
First time home buyer
I am looking to buy my first property for myself to live in so I can cut the cost of rent. I have only been working full time since January so I don't have much history. Any suggestions on what lender would approve me...
Levi Brackman
New Investor and PropTech/FinTech Founder
Hi
I just wanted to introduce myself. My name is Levi Brackman; I have been a long-time real estate investor but new to BP (although I once worked for BP, the oil and gas company).
Last year I founded Invown (invo...
Andrew P.
Trouble getting a HELOC becasue of DTI (lenders using tax forms)
As the title says, I am struggling to get a HELOC right now. I have 3 properties, all cash flowing really well (yes, I am including vacancy, repairs, and funding a CAPEX account). However, as a result, of my tax forms...
Grant Gaffney
Commercial Loan questions - Amortization and Balloon.
Newbie to the forums, had questions about commercial loans.
For a commercial loans I understand they vary upon what lenders are willing to lend, but are there certain advantages to structuring the loan a certain way...
Sailesh Kumar
Investment property in San Francisco
There is a property that I am interested in in SF Cole Valley area. Here is a link to the property: https://www.zillow.com/homedet...This has 6 unit large apartments and 3 commercial properties on the ground floor. ...
Jim Froehlich
Investment Home Refinance - "Front-End" Debt-to-Income Ratio
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...
Gregory McKinley
Analyzing Deals for knowledge gaining
Hello,I would like to connect with someone, that I can meet with face to face from time to time to help me get my feet wet and analyze deals so I can become an expert at it. I am ready to start pulling the trigger and...
Jason C.
What to do with trust fund?
Upon the death of a relative, a trust was established in my name. In 2 years I will gain control of 50% of the trust and gain control of the remainder 5 years after that.In 2 years 50% will likely be worth between $2...
Sal Montefiori
Financing advice – Please!
I went to a mortgage broker last week in hopes to get pre-approved. The broker suggested the banks would not approve me based on my work situation and DTI. I am a salesman and have been working in my current job for...