Jonna Weber
Streamline FHA 403k Loan for Multi-family?
Hi BP - I was wondering if anyone has experience of successfully getting a Streamline 403k rehab loan for a 2-4plex purchase? (This would be one where my client will owner occupy one of the units). Please note: I a...
Saad Handoo
Evaluate my mortgage
Hi BPers-I'm looking to make my first investment property purchase in the next few weeks. I reached out to Bank of America and they quoted me on a 4.375% loan with 25% down. This is a 30 yr fixed rate mortgage for a n...
Konstantin Egorov
Foreclosure Question? Miami Dade - Broward County
Just a question, If I purchase a home from Miami Dade or Broward Online Foreclosure auction and its the first or primary lien, do the other liens get dropped after I purchase the property? Or do I now owe whatever oth...
Caleb Kleven
House going to auction in one week. trying to reach seller before that.
Hey everyone,I found a house going to auction in a week, and the lawyer posted the starting bid early around 50K. The assessed value is 120K. I drove by and noticed it would already need a new roof and exterior paint....
David Gauthier
Refi
I have a rental property with a $1013 mort. payment. It includes ins and taxes.I rent the property for $1050. I owe 114K on the 145K mortgage.If I refi I can drop the mortgage to under $800 month. It seems like a g...
Erik B.
Reading the current market
There are so many questions on where the market is and what direction it is heading. Whether a crash is coming or not and when.My question is how does one read the market and where do you source factual information?Wh...
Rigo V.
should my appraiser be local?
I am under contract for a property and using hard money. My lender is a small local company in NJ and the property is in the neighboring state of PA about 100 miles away. The lender is insisting on using an appraiser ...
Joe Hermanson
Chicago Condo overlooking Lake Shore Drive
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $260,000
Cash invested: $40,000
2 Bed/2 Bath Condo overlooking North Lake Shore Drive.
What made you int...
Barrett Goff
Townhome with basement and an upstairs.
Investment Info:
Other fix & flip investment in Louisville.
This was a townhome that we purchased, put a little money into for cosmetics and then sold a year and a half later for a small profit.
...
Jeffrey Sakundiak
Real Estate Development
I want to get into commercial real estate development in the future, and develop large projects like (Retail centers, Office Buildings, Apartment/ Condominium complex's), for someone without a background in real estat...