Jerry Padilla
Only Exceptions To Qualifying For A Second FHA Mortgage.....
https://www.biggerpockets.com/blogs/5110/blog_post...The only circumstances in which a borrower with an existing FHA insured loan for a principal residence may obtain another FHA insured mortgage on a new principal re...
Chris H.
Can anyone talk to me about selling with owner financing?
If I own a house that I owe an existing mortgage on, can I turn around and sell it owner financed?
For example with some made up numbers, let's say I owned a 100k house, and I owed 60k on it at 3.5%. Could I turn ar...
Jeff Puciato
Financing new construction
I want to build an extra 2 units (each 1bed, 1bath)on my property that consists of a large level lot and a 2 family house. I want it to be a detached dwelling. Issues I have are, not enough capital to pay cash and alr...
Debbie Barrows
What is the difference betwee lease option and subject to
Hi everyone,
This may sound like a stupid question but I'm a little confused between lease option, lease purchase, and subject to. Doesn't the existing financing stay in place for all three?
Mark Wilson
Seller financing with a mortgage
I have the opportunity to buy a house in a great area from a willing seller, as long as they can continue to live in it after the sale. I am thinking I would try to use some flavor of seller financing but unsure how t...
Rick Grimsley
Need short term loan to avoid PMI
Hello all, we are buying a property and selling our existing home. We have 150k equity in the house we are selling. We are already in contract to buy the new home. We will likely close on the new home before we sel...
Chris D.
Need clarification on builder's risk policies
Hello BP family: I'm doing some lending and am getting conflicting information on builder's risk policies. Need some advice on this very confusing topic. My rehabbers often don't want me to speak with their insurance ...
Rob Young
Seller Financing Available, But Not Sure If This Deal Can Work
I talked with a pretty desperate seller yesterday. He is willing to let me use his existing financing to purchase his home so he can stop worrying about it. However, I'm not sure that this deal can work. I'd appreciat...
Phillip Dougher
RE partner wants to go big. Am I missing something
Hello fellow investors. I have a lot of interest and past experience with multi-family homes. I left the military and in turn left my properties behind. I didn't like the idea of not be close, so I sold them. I've...
Harman N.
Housing Incentives Policy
Hi all,I read the Columbus housing incentives (article here, PDF of policy here). Does it mean that if you rehab single-family in the Ready for Revitalization (Hilltop, Milo-Grogan, Near East, etc) & Ready for Opp...