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I ambuying a house through my LLC with mostly personal money. Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance? Is that necessary? I try to keep personal and company m...
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Hello BP,
What exactly is a letter of authorization? I believe is used to give you access to have a title search done on a property but I'm not sure. Can someone clear this up for me.
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When purchasing a home using an owner occupant loan, Do you have to sleep at that house every day? I know it is a weird question. Here is the scenario, my lender has approved of renting my rooms out through an owner o...
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I have an off market opportunity for a home at 1.3m that could sell between 1.5 and 1.6m. The house does not need any work done. Basically parking my money in this house until I can sell it. Reason for the 6 month per...
Need an opinion on what type of loan would be best for my situation and any advice you might have as I am 23F and only recently started looking into investment properties. I am currently looking at a house in the Lake...
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Before you say 'you should have the money to get into a contract' I normally wouldn't be in this situation but I've just closed on a property that was all cash 2 weeks ago and a friend calls me on a property that's tr...
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I currently have a condo in FL under I purchased using a 10% down payment JUMBO loan on a second home. The loan has a higher than normal interest rate and a 5/1 Arm.
I purchased the property in February and estimate...
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We recently bought a new house and moved out of our old house, leaving it vacant. We're having a hard time making the numbers work selling it as is. If we were able to put 10-15k into it (paint, trim, carpet, small ou...
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Last year I house hacked a triplex and got a conventional loan for 5% down because it would be my primary residence.When applying for a new loan looking to do the same thing this year, I'm being told the highest loan ...
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I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. How do people work with the clause...