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I am looking at a SFR that needs renovation (asking 450k, reno about 90k-110k). I have enough cash on hand to purchase and cover renovations but im not sure if I should do that or conventional loan? With the rates at ...
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During an inspections of a potential SFR this morning, it was discovered (and afterwards confirmed by the seller) that the entirety of the plumbing is polybutylene; to make matters worse, there are two known leaks bel...
My brother is interested in purchasing my Dads house. My dad owes 75k. House value comps out at 93K-95k. This is not an investment property this will be his primary residence. The current loans one being a mortgage th...
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Hey there guys so I wanted to pick your brain for little bit. Very new here but,
I found the bigger pockets podcast about a year ago. I had already face planted into real estate about five years before in 2013 when m...
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How could I independently find out what the par rate is for a particular conventional loan? I know I could just ask the loan officer, however I am trying to trust but verify. :-)
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Can any lenders who do conventional lending tell me how wide a snapshot you’d take of my debt obligations when calculating DTI? Like, does the short-term debt service I have now really hamper my borrowing capability f...
My partner and I are going to start an LLC and I am curious how the financing will work.We have a pretty high combined personal income and both have excellent credit scores. What factors will the bank consider when co...
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Does anyone know of a lender (other than hard money) who would lend on an older house?I purchased a house in Miami built in 1925 in my retirement account. I would like to get it out of my retirement savings and get a...
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Hi all. New here and hoping to get your advice.
I put an offer on a condo for 119k$ short sale which the bank accepted.
Bad news is banks won't finance the deal due to less than 50% owner occupancy.
One lender t...
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I was originally preapproved for a conventional loan with 20-25% down. Since, I have found an REO that I'd like to make an offer on with an asking price of 50k. There has been no movement on this property and the l...