Mickey Busanet
loan needed for high LTV
I have a house that I own free and clear, I'm trying to get a loan to make repairs so that I can continue renting it out. The last tenants left. Unfortunately, my LTV is at 75%. I never missed a payment on cards. My c...
Zoe Lee
tenant with massive loans
We are looking at an applicant with massive loans (130k student loan and it's a low paying major). The "estimated monthly payment" listed on the credit report is however less than 1k. Is this estimate accurate? Or I'm...
Anson Lau
Which to keep under personal? Which should go on a portfolio?
Kind of torn here.I currently have 10 properties under conventional loans.Want to keep 3 under my personal name and move the other 7 under an LLC + portfolio loan.The question is, which 3?The highest ARV?The highest e...
JC Hickman
Im 28 and $100k in student debt
I’m 28 and have $100k in student debt. I’m passionate about real estate and think it could be a great way to pay off my debt fast before the interest eats me alive. Question:1) Should I be taking the risk and using ha...
Cristina Benson
Using Equity to buy Investment Homes for rentals
Is it wise to refinance my own personal property (current balance of 155k, 9 yrs left of a 15 yr loan, 365k current market value) to cash out the maximum amount of equity (about 120k and go to a 30 yr loan term) I wi...
Kyle Vogeler
How does purchasing a car affect my ability to get a small multi-family loan?
Hi, my partners and I are looking to buy a small to mid-sized multi-family property, but my one partner is also in the process of purchasing a car for $25K. To give you a background, he has no mortgage/rent payments, ...
Matt Duda
Mobile Home Park - Lending?
Can anyone share recommendations for a lender who will lend on a mobile home park in the Midwest region please? I have approached 4 commercial lenders and they have all declined thus far. From my understanding they al...
Laura H.
The Shell Game - Pay off Debts or Invest?
I'm trying to take the approach of having my money work for me instead of the other way around. The struggle, however, is balancing what looks good on paper with what I want to do; being disciplined and careful, but n...
Scott Kaiser
FHA Loan Qualification
Can a wife apply for a FHA Loan if the husband is the only that apply and purchase the first home there in? Being that there married could she apply for a FHA on her own income?
Justin Staples
Full disclosure mortgage company
If I have a owner financed home that I pay solely with cash. Do I have to disclose this information to a mortgage company for a loan? I would like to keep my DTI as low as possible. Would there be repercussions?