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I was first stuck on getting HELOC on my primary residence to use as a downpayment for an investment property (long or short term rental)I talked to a few lenders and have gotten an option to refinance out of my FHA l...
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Hello everyone,In the case of a sherrif sale. If the primary mortgage ends up being "reassinged" years later to a different mortgage company, does that loan still remain its seniority?Situation - Loan for 220k in 2004...
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Hey everyone,
I’m really happy I found the BP community and have now listened to most of the podcasts and attended my first REIA meeting this week. I’m hoping to ride that wave and really get going on investing.
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I acquired a SFR recently and would like to transfer it to an LLC for added liability protection of my personal assets. Before closing my lender told me I would simply need to do a Quit Claim Deed to transfer the pro...
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Hi BP,I currently have my first house financed with a VA loan. I've been considering refinancing into a conventional loan with the equity I have.Is this feasible? What are the pros/cons?
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HiIf I buy a foreclosure from the second position for say $200,000, subject to first mortgage of lets say $300,000, and then the first position forecloses - my understanding is it forecloses the original owner, and no...
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Hello All,I purchased a 3-Unit Row Home in the Madison Park area of Baltimore a year ago on a 203K loan. Construction has gone horrible due to a contractor that underbid on the project on purpose. I have been trudging...
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First of all, I really do appreciate all the helpful guides and discussions on here to help educate a new REI such as myself.We can all invision the statement "It is better to purchase 5 properties at 20% down, and fi...
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Okay, when you do a subject-to transaction, do you have the seller secured in the transaction or do you leave them hanging out there?
How do you secure the seller who takes back no equity?
You give them...
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The short sale lender wants to close by April 15th.
Let's say I use bridge funding, that means the C buyer would need to close around April 18th.
My title company has told me that a land trust is needed. Reason:
So...