Tereal Wilsonn
Understanding the mortgage system
Greetings everyone
Please help me understand mortgages , what's the purpose of a mortgage company /bank if they still need to get permission from underwriters .
Terea
TJ Woolum
My Story So Far (And A Couple Banking Questions)
Hello fellow investors,I want to give a quick overview of my real estate investing story so far and then get into a couple questions regarding banking and financing. I've always had an interest in real estate investi...
Chris Irvin
Multifamily BRRRR loan question
I am currently reading the Multifamily Millionaire series and have a question regarding the BRRRR method. If I plan on using a cash-out refinance commercial loan (5+ units) and am going to use a mortgage broker to fi...
Will Gaston
What should I do on this (possible) final counter offer?
All:Been back and forth with an agent and we're allegedly at the final offer from the seller after we've gone back and forth a few rounds. They are okay with either of the two suggestions below.I pay cash:Purchase Pri...
Corey Dutton
Be Sure to Count ALL Costs on a Real Estate Rehab Project
For real estate investors who are building up to do their first rehab projects, don’t forget to add up all of the costs before you calculate your profits. Too often, the classes that teach you how to make money “flipp...
Hamed Afshari
CO after final inspection passed
I bought a property (built in 1963) for $60K in north carolina from a wholesaler back in Feb 2018. I started the renovation by pulling permit from The city. Since my renovation estimate was under $30K then I put my na...
Tom Henderson
Sub refuses to sign lien waiver
Hello Team!Quick question for you-- I recently completed a complete gut/renovation on a duplex in Minneapolis. For my final draw (I used a construction loan from a private bank), the title company is requesting that a...
Darrian Whitford
FHA loan approval
Hey guys,I have finally gotten the ball rolling on my dreams of RE investing. I recently got pre approved for a fha loan. I also put in a contract on a duplex. I have paid my ernest money, now i will be having the pro...
Sathya Weerasooriya
Self Directed IRA for land purchase
I have a traditional loan in my primary house. I do not want to sell it just now. I wanted to invest in a secondary property that can double up as a rental (MFH). Can I buy a land using self-directed IRA, then build u...
Dan Flannery
3.75% interest rate on second property even though rates were at 8% at the time!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $350,000
Cash invested: $20,000
I was able to get a 3.75% interest rate in a time where rates were at 8%. I had my ...