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Underwater Foreclosure If Payments are Up to Date
Can a lender typically foreclose on a single mortgage property when it goes underwater, if the payments are kept up to date? In this example, lets say the mortgage is for $500K and the property was $700K and is now wo...
Scott T.
Payoffs
Look at my first deal.Is this a Short Sale?The homeowner holds a 155K first and 15K second mortgage. He is not in default. I've offered him 100K for the home. He does not have 70K to pay off the remaining balances on...
Khaled El Dorry
How have you finance more than 10 deals
I’m evaluating a cluster of properties (10 units for one deal) and 26 units for the other. I already have 6 mortgages and starting to run into the 10 mortgages cap limit with traditional lenders. Is commercial loan ...
Andy Tomaswick
Planning for Financing
Hi all,I'm taking the first steps of setting out the goals I want to achieve in the next 5-10 years and I am running into a question I'm not yet sure how to answer.Let's say I want to buy 12 properties in a year. Usi...
Jami Kloet
Canadian Accessing a Traditional U.S. Mortgage - suggestions?
Hi everyone, it's been a few years since I've posted. I have a question and I hope this is in the right spot.
We are a Canadian family with a small real estate portfolio (9 doors in Ontario).
We currently have an ...
Sedgrid Lewis
Personal loans for Purchasing Sub 30k Properties
Has anyone takin out a personal loan from a bank for a sub 30k property? If so are the rates lower or similar to a hard money lender? I know most banks will not do a mortgage below 50k at least in my part of Georgia.
Micaiah Marquette
Seller Second Mortgage on an 80% LTV First Mortgage
Hey guys! I'm new here and I have spent a couple of years studying real estate investing strategies. My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a s...
Ursula Leake
Lenders that understand HouseHacking Strategy
I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run in...
Art Valverde
DSCR LOANS - Any Good Lender Out there?
Hello everyone,Does anyone know of a lender that does 20% down on a DSCR Loan?
Jeff Cichocki
New Lending Scam... Be careful!
Hey everyone,
I recently ran into a scenario that I believe to be mortgage fraud (i.e. you go to federal prison for this one) and I wanted to warn others of lenders that offer this scenario...
A borrower came to me...