I am looking at an REO property that is being sold "as is". The previous owners apparently took out ALOT when they left: sinks, water heater, furnace?, etc etc. I intend to occupy the house - maybe sell in a few ye...
Mortgage: A mortgage is a loan that is used to purchase a home. The home serves as collateral for the loan, and the borrower makes monthly payments to the lender until the loan is fully paid off. Mortgages typically r...
I have a friend who's home is currently in pre-forclosure status (caused by a lengthy identity theft situation). I would like to help him get out from under the mess by relieving some financial stress, and allow him ...
Hello, I've been talking with individuals loaning under the umbrella of Financial Global, LLC out of San Jose, CA. They're offering a shockingly low rate of 4%, only do deals over 100k, and charge a 5k loan processing...
I am in the process of reviewing 2 duplexes owned by the same landlord for my first buy and hold deal. I originally went to a local bank to get preapproved and that came back fine for the dollar amount. When I asked i...
Hello everyone! I am happy to have recently joined this community after much consideration.I am eager to start this journey and like many of you, I assume, I have no idea where to begin. To give you guys some context ...
If you have obtained a portfolio loan, do you mind sharing the process you went through with the lender? Did you put together a presentation, business plan, etc and what else did they want to know? I will likely hav...
Sharing with this forum - today's featured article I wrote for BiggerPockets all about DSCR Loans:In recent years, a fairly new loan product: Debt Service Coverage Ratio (DSCR) loans, has become enormously popular wit...
I am new to real estate investing. I have one SFH door currently and am actively looking to add a second soon and in the future hopefully more. I am currently not set up as an LLC, but have received strong advice th...
I recently moved out and leased my house in order to reduce my personal expenses so I can maximize the amount I can save to go towards my first real investment deal. The house is still on the original mortgage which i...