Jesse Prescott
Does a 3.6% funding fee for a VA loan ruin my cash out refi?
Hello all!So I'm currently considering doing a cash out refi on my primary residence. I have about 60k in equity. I talked to one lender, and they said they're offering 90% LTV, which would leave me with 40k. Since a ...
Leonard Spicer
Buying a Property with No Money Down Using a Credit Union??
Has anyone else been able to use the difference between the sales price and appraised value of a property as a down payment, as mentioned by the guest in episode #440 of the BP podcast? He mentioned finding a credit u...
Richard Smith
“Bonus” Real Estate Agent Commissions
Hello all, fairly new to the REI world, but seem to be getting a foothold.
I was wondering if anyone gives their agents “bonus” commissions. As a REI I’m understanding the idea is to buy as cheap as possible. In turn...
Joshua Forde
Is there a maximum you'd spend on one single-family home?
I've been reading a lot to prepare for eventually buying my first single-family home and renting it out.In my area (50k population mostly-blue-collar city with a sizeable college population, ~$40k median income), most...
Diana Bakema
Closing Costs (on a FHA Loan)
Hi everybody!I am doing some research on the “cost to buy a home” within a FHA loan.Besides the downpayment, we have those closing costs.As i am looking in FL with a credit score of 720/730 how much would that be?Any ...
Bob Houston
First deal..pay cash or finance?
Made our first deal on a buy and hold. Is it better to pay cash or finance personally or pay cash or finance through our business?
Lee Graham
Advice Needed-Appraisal came back low on Duplex-Cover the Gap?
Hello BP Community, I` d appreciate some advice on a decision I am making about moving forward with a duplex I have under contract. I currently have three multifamily properties, ranging from 4 to 8 units. I'm doing w...
James Santana
Wholesaling thru covid
So how has vivid affected wholesaling, in my I am working on a few shorts with an investor I work with and the auction courts have been closed, also the governor is pretty much looking to shut everything down so how a...
Wesley Myers
7yr ARM vs 30yr fixed in these times?
On the hunt for financing for our 2nd STR. Thoughts on 7yr ARM vs 30yr fixed with these high rates? I can save about .5% with the ARM and $4k in closing with one lender. If we plan on refinancing down the road why cho...
Gp G.
refinance load declined
Below is the response from my banker who did refinance earlier for me. Any lender who can do cash out refinancing for me based on Property/Asset rents but not on my credit score which is currently low around (656, 650...