Carla Holmes
Title insurance ??
I picked up a SFR at an auction but I can’t obtain financing because I’ve been unable to get title insurance. My attorney tells me it’ll take 7k and 180 days. Any thoughts on how to get these types of properties ins...
David McGinnis
First timer
mortgage banking professional. Eager to get started and network with a community of like minded individuals. I have my first deal that should come around within 60 days or so. A SFR bought well below market value. N...
Mark Ferguson
Rental number 8 purchased.
Monday I finally closed on rental number 8. I had signed the closing docs and everything two weeks ago, but the title company jumped the gun and the seller ( Fannie Mae) had not approved docs yet. They rescinded t...
Archie Barrett
How lenders typically calculate DTI
Hello, I have 5 mortgages on 8 investment properties, but I'm no longer working a high income job and so I need to pay more attention to DTI for future loans. I want to verify when calculating DTI, lenders will only ...
Kenny Smith
HELOC on Investment Property?
Hey BP community!Anyone know of a good credit union that could offer a HELOC on an investment property?Thanks!
CK Hwang
HELOCs, any difference between banks?
Hey everyone, in the last few days I've been looking at getting a HELOC to fund a few deals coming up and I've talked to mortgage brokers at a few big banks like wells fargo and chase.
The HELOC products are ...
Nick D'Agostini
E&O Insurance for Mortgage Note Brokers
I called to confirmed that my current E&O insurance would cover me if I were to expand into brokering mortgage notes. But they could not wrap their heads around what the process was. All they were hearing was "MOR...
Hieu C. Nguyen
Help subdividing 10,000 sqft lot of 4.8 acre property to sell.
My primary residence is on 4.88 ac and located within OKC limits. I have a stone barn on my property. I want to split off and sell ~10,000 sqft of land that includes the barn to my brother so he can renovate it and li...
Tom Nellman
How much additional debt can u add to traditional mortgage?
Hi,I am interested in purchasing a rental property with a 30 yr mortgage. The rental property is $85,000. I also carry a personal loan of $277,000 that is on a 5 year note, has 3 1/2 yrs left. I have never missed a...
Brett Mason
Duplex and house hacking
Hey guys! I am saving up to purchase my first rental property. I should have enough for a down payment by the end of the year if everything goes accordingly. I have some questions that would really help me out if you ...