Chad W.
Almost ready to close a loan but 2 snags...
My grandmother and I are joint tenants on our home. I originally sought a local mortgage broker to take out a new first mortgage on this home in my name.
Knowing that the I was intending to invest most of the proce...
Kyle Shepherd
Best way of purchasing 1st deal with no credit score
Hey BP folks! This is my first post here. Been learning and reading as much as I can given (a) no commute whatsoever to listen to podcasts on, (b) my family responsibilities, and (c) a day job that takes 40-60 hours ...
Landon Dean
Best strategy for scaling up our RE business/hobby
Would love to get some input from people in regards to our situation and what the best strategy is to increase our real estate investing strategy. Here are some details:1.) We have a SFH paid $113,500 for in March 201...
Account Closed
Question for those who have used a HELOC to invest
I am seriously considering taking a HELOC against my home and using it to start my flipping business, or possibly as a down-payment on an income property (but most likely flipping).
Would love to hear from those who ...
Mark Mensah
Condo Purchase Question -- Am I getting in way over my head?
Hey all,First time poster and home buyer here. I've recently gone into escrow on a 3 bedroom 2 bathroom condo that I'm hoping to rent out a room or two to help out with mortgage payments. My only issue here is that I ...
Ray Collins
Issue Refinancing Duplex with STR due to FNMA Eligibility Reqs
Hello!Long time BP-listener, first time forum-poster here. I tried searching the forums for a similar thread, but I couldn't find anything on this specific topic. Not sure if this is the right sub-forum to post to --...
Jacob Dimick
Denied Loan just before closing due to not beleiving i'm moving
So I was a week out before closing on 2 unit in South Portland and the underwriter denied my loan. First of all I feel like the bank I used should have never had me pay for an appraisal if the suspected my loan wit...
Nicholas Candaffio
Note Investor Starting out
Hi Everyone,I've been doing some research and I think that non-performing 1st position notes are probably the best place for me to start given my situation. I currently have 20k I could borrow from my 401k as well as ...
Erin Caldwell
How does it REALLY work when you use someone else's money?
Hi everyone! I have a question that I haven't seen specifically answered in the forums. How does it REALLY work when you use someone else's money for a down payment? I guess this is a good problem to have, but I have ...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...