Tyler Eastridge
Reporting private loan when applying for a conventional mortgage
Good evening,I currently own 1 investment property that is financed through a private loan with a promissory note. There is another property that I am interested in and I am looking to use conventional financing. My...
Zachery Hitchcox
When to put a loan application in
Hello everyone!I currently have 2 properties, but those were financed as a primary home many years ago. I'm beginning my investment property journey and I had a possibly simple question regarding "order of events". Wh...
Michael Henry
Rescomm investors funding
In my pursuit to find a private money leader to finance a duplex under 65k I came across a thread here on bigger pockets suggesting I try rescomm investors. Contacted the company they agreed that had a few options tha...
Weng L.
Are LendingOne 30-year Rental Loans on Your Credit Report
Hi,
I just talked to LendingOne sales and they told me that their 30-year Rental Loans do not report to personal credit report (under SSN) but only report to business credit (under EIN), but they still need to pull y...
Jake Goehring
If Selling Using Owner Financing, What Am I Entitled To?
Hi All,
Here's the scenario:
I have a house I'm selling and will agree to sell owner financing. So, what am I entitled to ask of the buyer? Can I ask for:
Tax returns?
If they're self employed...
Ugin Rapoport
Fannie May/Freddie Mac Loans
Hello,When it comes to financing real estate with Fannie Mae/Freddie Mac Loans, I am seeing basically the same applications from different lenders. I assume that is because the lenders are simply following the specifi...
Patrick Philip
What do you think about this contingency clause?
I am looking for a way to protect myself against buyers causing me to take my house off the market, and end up wasting my time.What could go wrong if I added this clause to the purchase contract? This says that the bu...
Andrew Barlow
Can partners get a conventional loan?
Is there any way for two people (or two families) to invest in a rental property and get conventional financing?
Chris Bounds
90 Day Flip Rule FHA
Question for flippers and the 90 Day rule for FHA financing: Can you enter into contract prior to the 91st day, but wait to execute on the 91st day?Example where the 91st day is 11/10/2015A buyer comes along today (10...
Emilio Ramirez
Borderline Tenant Application
I've taken a cash deposit from a couple and verbally told them that they can have the apartment. Part of the acceptance was a $25 discount of rent from $850 to $825. In observing their behavior when they gave me the d...