Tony Velez
Buying property number 3 cash reserves?
Hi,We own our primary home and a triplex. Our mortgage broker said in order for us to buy another property.... we would need 25% down. Plus 6 months cash reserve for our primary home and our triplex. Does this sound r...
Account Closed
Obtaining multiple mortgages in 2021
In 2021 we would like to obtain a handful of $450-850k SFH or Townhomes for buy and hold rentals. What problems might we encounter when using conventional/ traditional financing more than one property at a time and wh...
Ashley Barlow
Creative Financing Options
My finance and I are under contract for a house that was supposed to have an assumable loan. But, turns out the lender will not allow the loan to be assumed. We want the house and the interest rate and the seller want...
Susan Elliott
Primary Residence - What is the legal definition?
I'm learning about mortgage options for my first investment property. This is also my first home purchase, so the FHA loans and other owner-occupancy options are on the table. I currently live rent-free as a caretaker...
David Fair
Reverse Mortgage and MIP
We have a seller who has POA for his mother. They have a home with a reverse mortgage and the home is currently upside down. The home has damage from a hail storm in 2012 and they have been involved with a law suit...
Michael Paquete
BRRR technique
Hello fellow investors,For my next investment property I would like to try the BRRR technique to try and help generate equity and allow me to build my investment portfolio. I have a good network of people from broker...
Quinton Washington
Pre- foreclosure question
Hey I know that your in real estate and know about wholesale deals. I have recently met a guy thats house is going into foreclosure and he owes 4K in back payment and wants to see it for about $10,000 just to get out ...
Fred Kite
Purchase second mortgage?
There is a house in pre-foreclosure in FL I am interested in buying for rehab and to live in.The first mortgage is around $200k and there is a second mortgage for around $100k.House is in very poor condition and needs...
Mario E Gonzalez
How to determine my budget for a mortage without running a hard or soft credit check?
hello all,is there a site where i can find out how much i qualify for base off income, no debt and my current assets without running a credit check
Jay Hinrichs
latest Mortgage scam BROKERS beware. HM Brokers take note
Latest Scam out of CA. to those who may not know but a CA. Licensed RE Broker can do HMLs using their RE Broker license .. I think the only state that has this carve out.
So this is a very sophisticated scam.. Scamm...