Charles Goodwin
First Rental Complications
Hey Everyone!
Earlier this year (April) I bought a duplex for $49k with a short term interest only loan. The main reason I went for it was because I knew the rent more than covered the monthly payment and my mortgage...
Thatcher Eiseman
Looking for Non-QM lenders that will play ball on houses between $50k-$70k
I am planning to acquire a number of homes in the St. Louis area for use as long-term rental properties. I've already connected with lawyers, realtors, title companies, property managers, etc. and the lending is reall...
Whitney Moses
Options on getting more properties?
I just recently bought my first 2unit via fha loan, and i want to start building my rental portfolio early next year in 2020. I recently talked to my loan officer about my options and he said that i wouldn't be able t...
Horacio Gutierrez
"Subject To" Buyer selling the home
Hello,I was wondering can a buyer sell or refinance a home that has been "subject to" were the seller couldnt make the payments anymore. Will the lender of the seller permit the buyer to sell the home or refinance it ...
Thomas W.
How to structure for multiple rental properties
1. If you own say, 10 rental properties, obviously you don't want to do that under your own name so people often create an LLC when they own more than 2 properties? The reason I'm skeptical is because banks rarely len...
Ross Aveila
Financing options for STR
I am new to real estate investing so appreciate any guidance on this topic. I am looking at investing in my first STR. I'd like to finance the property, but currently we are tapped out in terms of conventional loans. ...
Srikanth Vadlakonda
Is it possible to close in week with conven or private finance?
I have a property with $510K, repairs 25-30K. ARV 630-650K. Is it possible to close with in week with conventional or Private lending? Please reach out if possible. I want to cut monthly expenses as much as I can beca...
Marc Henderson
Looking at refinancing the mortgage on a 12plex...
Hi, folks!I'm looking to refinance the mortgage on a 12plex I bought, and I wanted to get word from experienced people in the know on which companies I could go to. I've only called one, Amerisave, but they only go up...
Dustin Allen
One Time Close Construction Loans
Before the pandemic, we were looking at using an FHA one time close construction to permanent loan to build our primary residence. It offered 3.5% down, lot purchase included in loan, no payments til construction fin...
Crystal Kilian
Foreclosure: Mortgage/Rehab Funding Question
Hello,I am new to real estate investing (buy and hold) and looking into my second deal to get the wheels turning. (First deal was a house-hacking concept.)I came across a deal that happens to be a bank owned foreclosu...