Daniel Devin Jewell
I'm looking for a bank in VA thatll lend to self employed
Hey everyone I'm looking for a bank that will lend to somebody that has self-employed income and is playing the deduction games on there taxes. I can prove that I worked in the industry for the past 2 yearsI make arou...
Casey Laarkamp
Introduction and rebuilding my credit
Hello all! I have been an on-and-off BP user for the better part of a year, but this is my first time posting. I started getting interested in real estate investing last year after attending the FortuneBuilders 3-day...
Mike Schorah
What happens when a HELOC gets called due and you can’t pay it?
Or will they just lower the amount if you were to have negative equity?
Peter Cainero
Smaller Down Payments
Hello,I am in the process of looking for a property to house hack. I am looking at taking out a FHA loan to finance the property. The smaller down payment would be extremely beneficial to me at this point in my life. ...
Deyano M.
Conventional mortgages-multiple flips
Current: No prepayment penalties on a 2nd home mortgage through two lenders we have spoken to at length.
Scenario: If we successfully flip 2-3 months after closing- pay the loan off completely and contact the same le...
Jason Poquette
Having Trouble Getting Cash Flow for 1st Property
Hi. I'm brand new here. My wife and I own our own home and have about 5 years left of the mortgage. But I've never owned an investment property. I would like to get into this. I'm interested in multi-families with 2-3...
Tyson Hosey
Structuring Proposal to PML
I'm looking to propose a deal to a Private Money Lender. I haven't introduced myself to them yet, and I'm wanting to make the best impression so that I have the rapport built to get his help completing the purchase of...
Bobbi MacPherson
FTHB tax credit
We're looking to be able to "purchase" the tax credit from a client as allowed per HUD, however, the way it was written, there's not much protection for a lender to do that. Any tax guys out there have any ideas of wh...
Matthew Greco
Using 401k for a down payment
Hey BPIt seem like an eternity ago I did this for my first primary home.After a break up with the GF, the plans to buy multi family have come to a halt and I need to move out.I'm looking mostly at co-ops and condos th...
Doug DeVore
Is it better to mortgage one property or several? I paid cash.
Hello all - first time poster. Been lurking for a bit and have even been to a meetup.I have a property with $400k-$500k in equity and have paid cash for another property that I rehabbed and rented. I was planning on...