Jaimise Carter
Purchasing Father in law home
I am considering buying my father in law's home and renting the property out. The home needs a new roof, mold problems, electrical problems, basement floods. There is a mortgage for $49k. Comps are $150k-$200k for res...
Account Closed
Commercial Lender behavior during "the recession"
Hi.
I did not experience the last recession as an investor, because I'm newer. Can those of you that did share what commercial lenders did, or did not do to affect new or existing loans?
I have heard things like:...
Brian Smith
Refinance after writing Land Contract
I may be able to sell a house on land contract. Has anyone gone to the bank and refinanced the existing mortgage after the land contract is in place? If so how does the bank view the land contract? I would have to ...
Paula Smith
Lease purchase deal gone terribly wrong...
In 2005, I went into an agreement to sell a property I owned that had a mortgage on it. The agreement was basically written out on a standard residential sales agreement with the terms of the owner financing (me) ...
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...
Ingrid Bardales
Seller Finance Pitfalls
What pitfalls should i avoid in a seller finance situation? Gonna see a homeowner later today and got butterflies!! Newbie here!!
Thank you in advance!!
Lana Griffin
Seller Financing With Mortgage?
Hi, I found a nice duplex which I'm interested in purchasing. Problem is my husband and I are in process of obtaining a mortgage loan for another property right now and so our credit is tied up. I was wondering if it ...
Denise Thomas
Lending/Refinancing from personal to LLC
Hello- apologies in advance if this question has been asked several times but I’m very new to this. Are there any lenders who will refi property from me personally into my LLC? My goal is to remove the existing mortg...
Cenddie Alaban
Conventional loan plus 203K FHA = FHA loan?
Hello Everyone,
I bought a house to live in last September of 2018. I bought it with conventional loan with 3.5 % downpayment. It needs a rehab of about 30K. I plan to take an 203K FHA loan for the rehab. My questio...
Will Romero
Home Equity Line of Credit Loan
Hi everyone.I am in the process of getting a home equity line of credit loan from my bank, I got a call from them yesterday stating that base on the equity that I have in my house I got approved for the amount of 70k...