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Just saw this article. Looks like everyone in NJ landlords are affected by this suspending evictions/foreclosures for up to 2 months: https://www.nj.com/coronavirus...
Hello BP family. I have a 2 part situation/question. So instead of making 2 separate posts I'll just post them here.
I'm finally ready to overcome my 'ANALYSIS PARALYSIS' and make some offers but I'm not sure how to...
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Hi all! I am new to this group, and have a loan refinancing question. When evaluating your loan vs. your rental income, is it better to get a longer-term loan (i.e. 30 years) and have higher cash flow versus a shorter...
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Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home.
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...
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Hi Underwriting experts,
Here is the situation I am in,
I got in contract for 2 properties yesterday. The plan was to go with only 1, but they both are attractive. They both will be investment properties and I will ...
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Dear all,As per the subject, I live in Houston, TX., would like to start investing in RE (SF, MF, etc.), but I am having difficulty getting financing because of my of my current employment situation. I have cash avail...
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Hi,
I'm currently learning about how to invest in REO properties and flip for a profit because it involves the lowest risk in foreclosures. At the moment, I am planning to invest in my first buy. Also, if chances allo...
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Hey guys, I’m considering withdrawing the equity from my current home for a down payment and purchasing a duplex or fourplex, renting out my current house and moving in to one of the units of the duplex/fourplex. My q...
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I came across a motivated seller. The numbers and situation meet my criteria. He is behind on taxes and some bills, but is current with his mortgage. The problem is his mortgage is with a private individual, not a ban...
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Hi all, I am looking for some information regarding owner-occupied loans.
Situation:
I purchase a property in state A with low-money down owner-occupied conventional.
I decide to move to a new state, state B (be...