Just bought a house at auction, I ran a title search and cant tell heads or tails from it. The auction being online is different than in person. They usually tell you if subject to 2nd mortgage.
I purchased a titl...
Hey Everyone!
Earlier this year (April) I bought a duplex for $49k with a short term interest only loan. The main reason I went for it was because I knew the rent more than covered the monthly payment and my mortgage...
Hi. I'm thinking about getting 203K Loan for my first flipping house. Do you guys have any experience with that? What are basic worries and possible troubles? Thank you for any suggestions in advance!
I purchased my first property last year and was so lucky to find a private lender recommended by my realtor. After a successful year, I am looking to buy a duplex in the same area, but my current lender does not have ...
I have maxed out my 10 conventional. I am taking a small break on buying. But am interested in seeing if anybody has any good local banks/credit unions to contact in the Indianapolis area that do portfolio/commercial ...
Hi all,I'm starting out my investing career with a buy and hold duplex in Worcester, MA. My good friend and I are purchasing it together and plan to hold title in a TIC and we are both on the mortgage application. We'...
Hello BP community, I have a coworker who is going through a FC. The problem is that he owes more on the home than what the home is actually worth. The bank wants him to put up 80k to stop the FC. The home is worth ab...
Hi Everyone,Looking for advice on how to get multiple rental properties. Some banks say after 4 properties, the requirement is 25% down plus a reserve of 6 months mortgage payments for all properties. I hear on the b...
Financing changes caused my buyer to walk away one week before closing. Lender cut $1 million from loan amount and required 12 months PI TI totaling over $700,000 to be held in reserve. I was concerned with the corona...
After seeking advice here on BP I've decided the next step for me is buying a four unit FHA each year for the next few years. Living in it for a year while I fix it up and moving on to the next and allow the forced ap...