Dan Costantino
FHA loan vs Portfolio loan for potential buyer-multiple offers
I have two offers. Both offers are within $1,000, but the Portfolio loan sounds like the safest one to accept vs an FHA loan because they don't require two appraisals, they don't require PMI, and they don't requir...
Deb R.
Under contract, crazy stuff happening in world, do I back out?
Been trying for over a year to buy a personal SFH so we can get out of the current one to rent or sell. Finally under contract and the appraisal price came in above my offer yay me. However it is $5000 below the previ...
Ryan Keenan
How to calculate cash out refi
hello bp,What's the best way to accurately estimate what your new loan payment will be after a cash out refi? Also are closing costs for a new purchase the same as closing cost for a refinance ?Thanks for any input!
Clint G.
Avoiding ownership seasoning on a refinance
I purchased a few rental houses about six years ago, and want to refinance them to take advantage of these low rates. The deeds are in the name of my LLC now, but if I re-deed the properties in my personal name, I ca...
Austin Smith
Partner wants me to pay him future (potential) profits
Hello. My partner and I are both starting out and bought a SFR to buy-and-hold. We made the mistake of getting absolutely nothing in writing. He was unable to qualify for the loan, so I took on the mortgage. Two month...
Russell W.
Some Brrrr financing questions
I'm hoping to further my understanding using the brrrr strategy from a numbers perspective and explain my current situation. Bringing all cash limits my buying power for the properties I'd like to get into which are ...
Debbie C.
I'm a new member in a bit of a pickle. Can anyone help?
Hello everyone,I’m in a bit of a dilemma and I just joined Biggerpockets to see if someone can offer any suggestions. I had plans to sell my old house which I’ve had for almost 40 years (yes, I am a grandmother!). Thi...
Ann Anderson
Urgent!💥 Help me back out a contract!
I have put myself in a bad situation. I will need your advise, especially from the legal side. I will talk to real estate lawyers as well but that will be Monday.
I am under contract with one house in Georgia. Here ...
Clayton Smith
Determine value on raw land with permits in place.
I purchased a 5 acre parcel of land with a single family home this year in the middle of my town. I am working with the city to get it rezoned to develop this property. I will go in front of the zoning board next mont...
Micahel Lorent
Two wholesaling questions
I have two major wholesaling questions that are troubling me:
Firstly, when you wholesale, does it matter if the seller owns his home free and clear or does it make a difference if he has a mortgage on it?
Secondly,...