Does have mortgages on your investment properties effect your ability to get a mortgage for your personal home? Currently renting and concerned that if I have a few mortgages on my rentals that I won’t be approved for...
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...
Will any lenders allow you to use a personal loan as a down payment?
As a first time buyer in the real estate business and to increase my capital, I am considering to do my first purchase through a personal conventional loan + Renovation, which is cheaper (lower interest & lower do...
How is a commercial loan to an LLC (s-corp) with a personal guarantee considered in a primary residence mortgage application?I currently have four rentals and a primary. My DTI is around 60%. I'd like to build in a fe...
I"m looking at a property in westchester county NY and the numbers seem right but i need a private loan or a personal loan. Any one know someone in NY weschester that i can talk to about the loan opportunity.Thanks
Hello, I am 1 of 2 owners in a real estate LLC that holds 4 residential real estate properties that are fully paid off. Does anyone know if it is possible to obtain a mortgage loan to acquire an additional property wi...
I am looking to buy my first rental property within the next couple weeks. I have found a 2bd/1ba originally listed at 38,900 that dropped to 30,900. It needs about 8k to rehab. I thought about offering 25k and on my ...
There is a property I have been eyeing that I am interested in purchasing here in Arizona. The home is an older mobile home that has a fenced lot and is being sold for 23k. While I do have the cash, I do not want to d...
Hello, everyone. I have a family member willing to loan me a small sum (30k) to put toward my real estate start-up. Short background...I purchased my first home approximately 1 year ago utilizing a VA loan with the in...