David Marzullo
Typical Private Lending Rates?
Hi, I'm new to bigger pockets I'm interested in different areas to earn passive income. I was approached by a friend who currently has 4 rental properties and is looking for a fifth however his debt to income ratio is...
Nick Denning
Buy and Hold - Long Term Rates and Cash Flow
What is the logic in holding Adjustable Rate mortgages (ARMs) and Balloon rates in a rising rate environment? At some point in the future, rates will rise and/or notes will balloon and your cash flow will be affected...
Jonathan Rabot
Lender Unable To Lock Loan
Hi BP Community, 1st time home buyer currently in escrow. 5 days ago lender suggested to lock rate at 5.99%, which we agreed to lock it in at that rate.Received a notice today that rate was unable to be locked due to ...
Dzung Doan
Ranking by Rent-to-Price?
Hi everyone,Newbie here. Looking for my very first rental property purchase (buy and hold). So first, I'd need to find the right US market. Would like to base this search on the RTP ratio. Can someone pls point me to ...
Eileen Wang
Can you have preapproval with multiple lenders at the same time?
Hello, I’m new to out of state investing. I’m seeking advice here if I can have preapproval with local lender and national lender at the same time. Will it impact my credit scores or the final approval amount? Do you ...
Jason Click
Good Faith Estimate... tell me what you think.
I posted this over in the "Deal Analysis" section and it was suggested I post it here to get more response... anyways
I've found my first rental house to purchase... I went to a mortgage broker that is one of the cor...
David New
Conventional investment loans rates
I posted this question earlier in a different forum before I found this one so I apologize for the dupe. I’m looking to get a conventional mortgage for an investment property. The two banks I have spoken to so far hav...
Peace Lily
Portfolio bankers/lenders with no PMI
Hi All, I am a newbie in BP forum. I have been listening BP podcast for over one month and it has been a great learning experience. I hope to learn more RE investing from everyone here. I have a question. Does anyon...
Kelly McMillan
Mold! How to finance/remediate if I can't appraise?
We have an offer on a duplex with some extensive mold. I've dealt with mold, and plan on gutting and renovating regardless, so it is not a big issue. However, I didn't realize our mortgage broker can't get an apprais...
Lisa Bliss
Private Money Interest Rates
I have a private money lender that is asking me what is a typical interest rate for a 50k loan. I want to borrow it for 6 months and I live in Atlanta GA. Any suggestions?