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I was trying to make a lease option deal with a lady selling FSBO. She informed me that her mortgage specifically states that they are not allowed to lease the property. Are banks/lenders adding this clause in their...
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Scenario: I'm an investor looking to borrow from a private money lender. I've found that private money lender, we've agreed on high-level terms, and we're ready to move forward. Now what? What do we have to do to get ...
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Steps:
1-Live in and hold mortgage on primary SFH
2-Add additional persons to title only
Scenario, additional person on title gives closing cost $$ of 3.5%, add the person to title as 7% ownership and rides it out ...
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Hello everyone,Ok, so I hear about people refinancing their properties, to get money for more properties all the time. How exactly does this work? How do I make money by refinancing? For me I'm thinking about refin...
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Hi BP family, i am a newbie in RE and have acquired a Duplex using FHA. I am now looking to scale and get more rentals (preferably multi family) but I am open to SFR for use on Airbnb. What is the best way to scale? I...
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Hello,
I'm new to tax/mortgage surplus funds retrievals, and have been in contact with a homeowner who is willing to work with me. The problem is ... I need funds (but only for the buyout portion of the deal, and she...
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Hey my Name is Nicholas, I'm running into a problem with financing, little bit of a backstory I've recently turned 19 and have been working in solar sales for the past year and before that I was working at a pizza pla...
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I am under contract on a short sale with Chase and have a very tight deadline for settlement mandated by the bank. My title insurance company did a search and came up with 6 open liens on the property, all but two I ...
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Someone out there please give me some advice about the HELOC I took on my primary to buy my STR. It’s at a variable rate and just keeps rising. We owe 178k and the interest only payment is $1455 this month. We have on...
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I bought a 4plex using an FHA loan in FL. I was just wondering if I really have to live in one of the units for one year. What if I don't? Do they do inspections? I had previously purchased a home with a conventional...