Cliff T.
Anyone request loan forbearance / delayed payments?
Just curious if anyone here has gone through the process yet. Everything that I have read thus far states that loan forbearance payments will be due as a lump sump at the end of 30, 60, or 90 days. In other words, you...
Account Closed
Rental Income on Primary 4-plex
Question for lenders (or anyone). On an owner occupied 4-plex do all lenders calculate the debt/income the same way? Would the entire PITIA go against the borrower as housing debt, Then use positive cash flow plus a...
Christy Tay
Flip turned into rental strategy
Hello everyone.I need a little guidance on how to go about buying and renting (new to REI). I'm in the process of looking for a house to buy and flip, then after a few months of living there, the plan is rent it out a...
Mesbahul Hoda
Contract Assignment to Retail Buyers
How can I assign contracts to buyers who are buying a home with a mortgage which does not allow assignment fee and the buyer does not have cash out of pocket at the momemt?
Ideas please!
Stone Jin
What kind of leverage do I have?
Hi all,
I have 2 investment properties that I own out right? Total equity would be around 130K. How can I leverage that to borrow money from the bank? I understand that banks don't do heloc on investments. Can I ...
Ravivo Kaofman
Scam Alert: Anthony O'brien with Summit & Crowne Partners
I was told by this mortgage broker he can do three loans for me. These loans where about 1.5 million each and he wanted 2 points each which is about $30,000. So the cost would have been about $90,000. He then went on ...
Jack Krusinski
Refinancing Tips For a New Investor
I’m looking to refinance a duplex. This is the first property I bought, and I bought it all cash. The duplex is in a LLC and I put some good renovations into the property and am now looking to pull the money out. I ha...
Evans Thompson
Home equity loan options
I'm a relatively new investor. I have 4 rentals properties in the Atlanta area with roughly $500k in equity. I would like to pull equity out to buy more property. I've been denied by both wellsfargo and citi due to a ...
Account Closed
Discount/Sale to Fannie Mae
Because my lender (conventional mortgage through a bank) botched giving me the rate we had agreed upon (I have an e-mail to prove.), in order for me to close on time, I had to take the incorrect rate (lower rate, payi...
Rizwaan Rauf
Licensed Mortgage Broker Recommendation DFW
Does anyone have a recommendation for a licensed mortgage broker? Looking to invest in SFHs using conventional loans in the DFW area. Thank you