Craig Risser
Chance for Mortgage Approval
Hello everyone,Planning to start shopping for my first property in February 2020 and I had a question about lender/mortgage approvals.Long story short, I took out personal loan of $7,000 in July to cover some unforese...
Frank Salas
Financing for second home investment property
Hi I would like some advice on trying to finance a second investment property in Massachusetts . I currently own a 4 family property witch I financed with a FHA loan. Now I am currently looking to buy a second multi f...
Paul M.
mortgage companies offering payoff at discount
I remember hearing stories from my finance professors about how when interest rates were high in 70s the banks would offer mortgage borrowers a chance to payoff their loan at a discount to the principal balance. Pre...
Eric O'Hair
Comparison
My wife and I are really wanting to start buying rental properties. We have great credit, and have a little over $700 /mo to invest. I inquired on a loan through Teachers Credit Union since they are our regular bank...
Shawn Varner
New Construction 4-Plex - Financing and other Advice
Hey BP, I've recently sold off my Vacation Rental properties and I'm looking to get into small Multifamily Rentals. Everything in my area is priced too high to have any sort of positive cash flow. So, I've been lookin...
Kevin Nguyen
What to do with a ton of sitting equity
My brother and I happened to inherit a property in Southern California and wanted some input on how to go about taking out the equity and the process of investing it into more properties. We've done some research and ...
Zackery Smith
I need mortgage help
I found a the Golden deal. 1000 sqft house 3 bedroom 1 bath. $70,000.00. The only problem is the bank wants 7,500 on closing cost and 20% down (14,000) payment. I only have 20k. The owner is willing to pay the closi...
Bab Adetiba
Do banks offer ltv upfront?
I bought a buy and hold property for $12,000 (appraised at $25,000) and it needs a $45,000 rehab and I project arv to be $90,000-95,000.
I’ve approached a few local banks and they’ve all offered 85% ltc then after ...
Clayton Hepler
Seller's Assist at 6%, A potential for no money down loan?
If I buy a Duplex property and use an FHA to finance the property, could a 6% seller's assist basically give me a no money down situation?
Example: 350K Duplex and Garage and seller is very motivated.
Down Payment ...
Mykhail Bolden
Have a buyer with no listing
I have a buyer approved with 130k FHA loan and about 20-30k in cash. I know what type of property he want how do I go about finding a deal for him?