John Williams
10% Down on Second Home (Jumbo) Mortgage
Are there any lenders accepting a 10% down payment on a second home (jumbo) mortgage? Seems most are requiring 20-25% these days.
Tomarcus Dowdell
Ernest Money Deposit
Hello Everyone, Question: How do you determine how much Ernest Money(If Any), should you leave for a Deposit? I was close to getting a property under contract but the seller wanted me to deposit $500.00 dollars. He w...
Jonathan B.
Buying 2nd position mortgage - at Auction
Hi Guys,
I have been buying and attending auctions for a while,
there is a property i am doing my dd on that has a 2nd mortgage foreclosing on it, with 1st still current.
I haven't attempted to buy a 2nd lien pos...
Callie Mahoney
Electric company and new tenant
The electric company has required my new tenant to make a huge deposit due to 'previous late payments'. The company renting my property already has 86 rentals in the state and mine is the 87th. The company renting my ...
Frederic Petit
Interests only investments
Hi everybody.
Here is my first post, I have been reading the forum for the last 2 weeks now and find a lot of resources very helpful.
I am interested to know from experienced investors if it is a good solution to bu...
Jared Crocker
SBA Loans for Credit Card consolidation
Does anyone know if you are able to use the SBA to pay off higher interest credit cards? Seems like a dumb question but i do not know the answer. Any help would be greatly appreciated.
Jason Davis
BOA/ short sale / need to qualify for loan ? Cash offer
I have a cash offer in for a short Sale.
Bank of America wants me to get pre qualified or a mortgage with BOA home mortgage.
I made a cash offer.
Any experience with this?
Honestly, I won't qualify for a mortgag...
S Harper
What type of account do you use to hold security deposits?
The small business banker who initially set up the zero interest bank account for me said that he put restrictions on the account that won't allow for withdrawals on the funds sitting there. He has since left the comp...
Rashid S.
How to get pay-off from bank on a judicial foreclosure?
Hi BPers,Looking for some insight, i bought a property at the courthouse steps foreclosed by HOA in a judicial foreclosure. the first mortgage is still alive on it.The bank (Bank of america) does not want to talk to a...
Jeff Klein
Must I exchange into property which is debt-free?
I am selling my residential investment property. It is debt-free. I want to exchange into a management-free investment. If I buy property which is leveraged, will there be a consequence in a future 1031 exchange?For ...