Christian Weber
Getting umbrella policy while out of state - Help needed
Under contract in Michigan, home was planning to stay in my name and I was going to when needed get an umbrella policy in my name (primary residence in florida) of a few million for ithowever I am being told as I am o...
Mike Carino
What should I know about Portfolio or Blanket loan funding an LLC?
HelloI currently hold 4 properties outright in an LLC partnership that I formed last year with another investor. The properties are all rented and are showing income this year. I will acquire another 6 properties to t...
Brian Garrett
Seasoning period for cash buyers?
I was under the impression if you paid cash to purchase a property that you would then be able to cash out refinance as soon as you have finished the rehab and rented the unit out utilizing the BRRRR strategy. I wa...
William Patsalis
Whose looking to invest in SE Michigan
Hello BP!For anyone interested in investing in SE Michigan, I am hosting a Q&A forum next Wednesday (10/26) via Zoom at 7PM. I have partnered with one of the best investment lenders in the state in order to answer...
Sinaloa Hobson
hard money lenders
do they usually charge a application fee?Do they all run a credit check?
Randy Wilson
First BRRRR loan structure help
I'm trying to understand the mechanics of the BRRRR strategy and thought you guys might be able to provide some input.I'm looking at a property that is on the lower end of being able to qualify for a conventional mort...
Coty B Lunn
How to Buy an Investment Property
There are several ways to buy an investment property, each with its own advantages and considerations. Here are some common methods:
Traditional Purchase:Cash: Buying a property outright with cash provides a quick an...
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Information on Mortgage Refinance
Hello Everyone,
I was planning for mortgage refinance and was looking for some cash out to re-innovate my house. I was in search of a company that would be the best and provide me mortgage refinance loan at a low...
Doug Quist
New primary residence with 10 existing loans?
I have 10 existing loans with only one being a Jumbo on my current primary residence. The others are on investment properties (6 fourplexes, one duplex, a single family rental and a STR vacation property).In speaking...
Varun Parkash
$3000+ in Loan Origination Charges - Closing in 2 weeks - HELP
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...