Danny Simard
An investor finds a private money lender. Now what?
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 ...
Joshuam R.
Hold primary mortgage, But add a friend on title.
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 ...
Bradley Palmer
How does refinancing work?
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...
Monte Rice
Newbie with duplex looking to scale
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...
Melissa B.
Loans: Collateralized or Roll-Overs ... which to choose?
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...
Robert Gunther
Equity Lending
It came as a bit of a shock a few months ago when I contacted a mortgage broker about financing, using equity in a property to secure financing.... it is just not possible with traditional banks in Canada anymore.One ...
Jamie Atkinson
Fannie REFI Closing Complications and Covid
Background: Currently doing a Fannie REFI on two duplexes (originally purchased 2013 at 5%). Locked in at 4.25% for a no-cost refi. Idea is/was to lower my P&I and improve cash flow, etc... Closing date next wee...
Pavel Sakurets
Where I can buy NPNs in MN only?
Looking to purchase NPNs 1st or 2nd in MN only. Commercial or residential. Will make a buying decision within 1 hour if you provide a title report. If you don't have a title report, we will do a title search and get b...
Scott Passman
Mortgage debt vs. property taxes
I am looking to move into a different primary residence in order to take advantage of lower housing costs in nearby towns. Here is the question I want to bounce off everyone to determine if my thinking is correct or ...
Becky Comish
FHA Stramline Refi - Do it
Here's what we're being offered by the mortgage broker we work with. Is this worthwhile to do?
- Our current payment will go down from $1287 to $1154 - so about $134 in cash flow savings.
- no closing costs. Our brok...