Bobby Gillespie
Buying From An Auction - question from a newbie
As part of my learning process, I've watched my first live local county Real Estate Foreclosure sales auction.I saw a 15year old house valued (via my local knowledge) at about $200k, sell for $135k. If I were this buy...
Christopher Leavitt
Mortgage down payment if property is much more than the loan.
Hi all,
Would I still need to provide a down payment on a mortgage if the loan is valued far below market value on the house in question? I have the opportunity to purchase a property for $160,000 through someone I ...
Robert Thigpen
Foreclosure Auction Sale Cancelled Seeking Advice
Hi all,My wife and I were looking to bid at an auction in two weeks on a preforeclosure home. We got a notification today that the sale was cancelled due to reinstatement of the mortgage. The owners filed bankruptcy i...
Damon Vaughan
Non-Traditional Lending Options
Looking for recommendations for non-traditional lending options for residential properties (SFH or duplex). Need new strategies to purchase properties and refinance existing after reaching 10-loan limits with Fannie ...
Gurjot Grewal
About to close on my first deal. Just had a sewer scope done. Is this a concern ?
77 feet, cast iron and clay pipe. Home is built in 1952 on a slab. Findings are "Typical Root Intrusion", "Openings or inconsistencies noted in sewer line, signs of settling" recommendations are regular inspection and...
Luis Ramirez
How do you buy a second house?
Hello everyone,I just have a general question about the strategy of house hacking, I understand that the point of house hacking is that after a certain amount of time you buy a different a new property and then house ...
Eric D.
Which mortgage to pay off
I have three 30 year mortgages:My home: 4.125% with 450k owedInvestment Prop #1: 4.675% with 325k owedInvestment Prop #2: 5.25% with 309k owedI can start paying down principal but should I pay off my home or investmen...
Beau Alesi
Needs Downpayment Funds
So I have (2) houses. One primary and one rental. They each have about $350k equity.I already have a $80k HELOC with about $35k utilized. I'm trying to get a loan for about $100k.I have about 830 credit score and make...
Aaron Zucker
Seller Financing Question
Good Afternoon BP! My Name is Aaron, local realtor in New York. I’m looking to purchase my first property in Florida, seller financing. My question is as follows:If I purchase this home with seller financing and the h...
Rodney Reeves
Can you house hack a townhome?
Hi all,I am in the process of saving funds to purchase my first property and plan to house hack. Sorry if this is a dumb question but can you house hack a townhome (assuming not part of an HOA)? My first option would ...