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Hello BiggerPockets family!
I am finally buying a house and I want the best rate possible, our lender has been divisive and everything short of a nightmare but through the help of you guys we are looking to close wit...
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Hello,I have recently secured two private lenders who are very interested in working with me, however I need to understand how to structure deals with them. Here are the two scenarios.The first private lender wants to...
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Fannie Mae and Freddie Mac are searching for methods to open homeownership to low income borrowers. (This is not for investors) There is a trend to use attorney opinion letters rather than title insurance. The title i...
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First good creative finance deal in negotiation! Seller needs some equity to pay medical bills. I don't have all the capital and now have to find a $ partner. Comps and lender appraisal puts property at 218k(1 month a...
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As I have discovered, a Primary Residence mortgage is able to give you some of the lowest interest rates as compared to an Investment Property Mortgage. I assume much of this has to do with what the persons intention ...
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Hey there.. Since this is my first post let me introduce myself a little. I've been a RE investor for many many years. I started with a singe SFR and worked my way up to multiples and then into fix and flip and gen...
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Hi BP,
I was "driving for dollars" today and saw a run-down house in a prime area. I found the owner's mortgage info on the county website, but I need some help understanding her mortgage situation.
Her house was so...
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I am putting some information together for what could become my first flip but I have a possible hitch. Is there a low end limit on how little a bank would conventionally finance a home? I was told by two traditiona...
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Has anyone been successful obtaining a mortgage from a traditional lender without having a credit score? I have heard some lenders use manual underwriting if a borrower has no credit. (Note: I am not referring to bad ...
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I have a client who has 10 mortgages on single family rental homes. He has 2 Brrr projects on short term interest only financing and he needs suggestions for his next long term loan. The Goal is to pay off in 20 year...