Andy Mirza
What's the highest amount servicers charge for payoff?
In this situation, I'm the borrower. My partner and I have a blanket loan on 14 condos with a payoff of less than $1 Million. So, this is a commercial loan.
About a year ago, the servicer wanted $150 just to provide ...
Michael Conrad
Primary Residence Loan Requirements - 1 year vs 6 mo - 2nd home
Hi All,I am researching the time requirements between purchasing primary residences. I was told over the phone by a local lender in CO that I would be able to buy another home as a primary residence. My wife and I bou...
Alexander Teague
My Current Path to financial freedom-Weighing investment options
Age-34, Single in ArizonaCurrent Net worth-$24K USD in Stocks, 10K in Roth IRA. *I am just starting to put money away as I cleared all of my debts in the last half year.Debt-$0Salary-$75K gross, which is $52.5K N...
Kenneth Burdick
Pay off Solar Loan in Order to Refinance Mortgage
Hello,We have our primary mortgage on a 15-year fixed @ 2.875%. We also have a solar loan with a balance of $12.5k at 5.99%. I have the option to do a zero closing cost loan into a 10-year fixed @ 2.375%, but I would ...
Joseph D Davis
How do I buy my next rental?
Hello BP community!I purchased my first investment property last year, a SFH with a FHA loan. Now I am trying to get the creative juices flowing to purchase my next investment property. After purchasing my first, I ca...
Jeff Wheater
Rehab Construction Loans in Kansas City
Can anyone recommend a company that does rehab construction loans for rehabbing a property in Kansas City, MO? We need approximately 30k for a SFH rental.
Mark Lynch
Can I attain a 203k loan for investment purposes
If I we’re to attain a 203k loan for my personal residence. Buy something distressed, use the loan money to purchase and rehab. Could I refinance on that loan after 6 months to a year and pulls out the equity after ge...
Kedrick Thornton
Loan Agreement Samples
I am setting up a deal in which I will get investment in the form of a loan from a private investor. The investor will not have any interest in the property, but will have a promised return of a specified percentage o...
James Charmello
203k loans on a flip
Hi I’m new to real estate flipping, and was wondering if anyone knew if the MLS listing only accepts 203k loans to purchase, why the seller only accepts this type of loan and is it a good or bad thing, and should I av...
David Alvarez
Commercial Real Estate Loan Info
Good Morning, Afternoon, and/or Night!
My name is David and I'm looking into getting into commercial real estate. I have one rental property and residence in Houston, TX. I'm looking at buying anything from a duplex ...