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Let's say someone pays cash for a property (and for the rehab) and then gets Delayed Financing for 70% or 75% of the purchase price (and rehab) soon after purchasing. My question is whether that person could then get ...
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The FDIC closed 2 more banks on 12/16. Unless the FDIC wants to play Scrooge and close 8 more banks before the end of the year, it does NOT look like we will hit the century mark unlike the last 2 years (140 in 2009 ...
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The (newer) custodian of my SD401k is requesting an annual real estate appraisal for each note I hold within the account. As in, pay for a house appraisal each year for each note.
This can’t be right, can it? Shouldn...
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Hi All, my fiancé and i are looking for advice on how to take the money out of her 401k for capital without getting hammered on taxes and penalties? Or only having access to 50% of balance. IRA? No longer with the emp...
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I am talking with a motivated seller, very easy seller to talk with and seems willing to accept any reasonable offer. He has 60% equity. He is telling me that the bank is “telling him things” that seem to make him fee...
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Although I posted this in the "Creative Real Estate Financing Forum" I don't think this is that "creative". Basically I'm looking into a Home Equity Line of Credit (Cash-Out Refinance if you prefer) for a hypothetical...
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Hi all,
I want to get a small bank statement loan of just 80,000 but I am wondering what are all the things I need before applying for such a loan?
Thanks in advance,
Rizzy
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I am looking at purchasing a 12 unit apartment complex for about 250k. 10/12 units are occupied and the units rent for like $450/month. Was curious what the average interest rate would be for this sort of deal. And wh...
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What is the best way to find out how much a current owner's original mortgage was? Most often the appraisal district will not have a document with the mortgage balance?
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Hello BiggerPockets i ran into a serious question. I'm looking into buying a house within the next 8 months and i was wondering how i could either buy a foreclosed house or typical mortgage Foreclosed : Today i went t...