Faisal Khan
Equity on paid off investment properties
Hey guys I have 30 paid off single family and townhomes. I am thinking to use the home equity line on it to purchase land that I can build a townhome community on to sell.
The road block I am coming across. The bank...
Vincent Plant
HELOC on your primary residence?
Hello all,
What are your thoughts on this:
Our primary residence is currently worth approx $250k.
We currently owe $170k.
We are looking to explore the option of using a home equity line of credit to fund our ...
Craig S.
FHA PMI Insurance Rules Are Changing
Hello fellow investors,
I was just informed about some upcoming FHA regulation changes to the way PMI insurance is handled and assessed. Previously and currently, if you had a 30 year loan with a LTV greater than 78%...
Josh Dubin
Can FHA loan be paid off in 6-12mo?
Hi guys,So, I'm looking to purchase my first home with the intentions of flipping it. I need the highest LTV possible, as I have little saved up. Hard money loan programs seem to be ideal for flipping as they are asse...
Galit Garsiel
When selling a flipped house, do you get the money right away?
When you sell a house you've flipped, can you get the money right away, or do you have to let buyers pay mortgage, because nobody is willing or able to pay all the money upfront?
Clare Yuritch
Fixed vs. Variable Rate HELOC
Hello! We are relative newbies to investing with one duplex property acquired last year, but our initial investment was conidered successful and now we're looking to scale up! We do have savings to tap into, but als...
Zack Elaroussi
HELOC on rental out of state
Good evening y’all!I have just purchased a homestead subject to than I plan to live in for at least 2 years and then sell.I have another rental property out of state that has a ton of equity in it that I plan on holdi...
Gustavo Medina
How to finance my first duplex? Is this true?
A local loan officer at Summit Funding in Stockton wrote the following..."The maximum LTV for a 2-unit property is 85% plus it is required that you have 6 months reserves PITI. To give you an idea what that looks lik...
Renee Stewart
Funding multi-family Repairs
A friend of mine has inherited a 6-unit multi-family property that has been sitting vacant for 3 yrs. The repair estimate is approximately $30K. Any suggestions on how to raise/obtain these funds?
Nicholas J.
Commercial loan advice
I’ve been calling around and talking to different local community banks about obtaining a commercial loan for a multi family purchase, and ran across a bank that only requires 10% down. Obviously numbers on a purchas...