For any conventional/non-QM brokers and lenders - if you do a full suite of products for investment properties, I'm curious to know how many deals start as conventional / or non-QM non-DSCR (such as Bank Statement, As...
House I want:
I’m in Southern California buying a 3B/2ba SFH across the street from me. It has been unoccupied for decades and needs a lot of work. At 1400sq ft I’m budgeting 100-150k for remodeling. It has a huge l...
What are the advantages/disadvantages to buying outright vs carrying a mortgage. Are there savings related to closing costs, etc.?
I have found what I believe to be a good deal, but I'm worried about closing costs a...
Here is my situation. I have a property under contract as of 3 days ago in Texas. The seller is the daughter of the owner, with power of attorny, and the owner is in a nursing home with dementia. The seller has just i...
Hi All- I'm pretty new to the game. I have one property that turned into a rental when I moved and I just purchased my second. Are most people using conventional financing and coming up with 20%+ down for rental prop...
Who is responsible for sewer repair cleaning?
Looking to invest in my first investment property, but not sure where to start. NJ duplex and triplex are complete rehabs and I was told as a newbie not to invest in a total rehab. But all other depleted and triplex...
I have been preapproved for an investment conventional loan on a property that we will either flip or rent out. I have been quoted by contractor for the rehab at 60k. I’m looking for suggestions on funding the rehab w...
Hi BP Community! Heads up - Cash out refinance seasoning was previously 6 months for conforming loans. This is increasing to 12 months in the near future. Freddie Mac will make the increase effective March 7, 2023 a...
I have a family member who recently had an accident leaving them in need of long term, full time, medical care. I've been exploring options on how pay for this expense and renting out their home seems to be a good fin...