Angela Mast
5/1 ARM Refinance (and sell the property within 5 years)
Has anyone refinanced a 30 year fixed mortgage into a 5/1 ARM? I'm thinking about doing this to significantly lower my payments for the short term. With a 5/1 ARM, the rate is fixed for 5 years (60 payments) and then ...
Dawn Maust
10% down with a jumbo mortgage
Does anyone know of a lender who will work with us on getting a jumbo loan with 10% down. It is on Emerald Coast in FL. Price is 1.3M and would love to only put 10% down. A previous agent (3 years ago, in Oregon) talk...
Joshua Voigt
Hitting a DTI wall with house hacking. Is DSCR refinancing an option
My wife and I own a SFH and a duplex, both house hacks. We currently live in one unit of the duplex and rent out the other. We have 2 years of reported rental income on tax returns for both properties. We are moving f...
Jonathan Everett
Help understanding NPN
I'm new to all of this, can someone help me understand exactly what a non performing note is? What exactly am I buying, and what are all of my options when selling? All help is appreciated, thanks!
Robert Ice
My first rental in Georgia
Investment Info:
Single-family residence buy & hold investment in Warner Robins.
Purchase price: $118,000
Cash invested: $35,000
Single family home.
What made you interested in investin...
Todd Ashley
How do I buy this house while helping the owner?
It's been a while BP and I could use your guidance! Here is the situation:I know an older women who had a stroke and is currently living in her daughters 5th wheel so that she has assistance. The women desperately wan...
Chad Nassar
Have 2 SFH looking to Cash out refi (DSCR)
Hey everyone! Currently located in Mobile AL. I have 2 homes that I’ve rehabbed that I’d like to pull equity/initial investment out of and would prefer to go the DSCR route and shooting for 80% LTV and preferably no s...
Saul Potts
Deeding House from LLC to Me to Refinance, Need to Inform Tenant?
I have a conventional mortgage under my name that I got before moving the house to the LLC.Now I want to move house back to me briefly to refinance the mortgage, because conventional lenders do not lend to LLCs. After...
Elizabeth Thompson
Financing w/cash-out refi
Hi all. I’m brand new here and have a question about financing. I am thinking of doing a cash out refi on my primary home to obtain the funds to purchase my first investment property. I got an offer for refinancing in...
Carlos Gallegos
Creating a private mortgage without title company
I am in the process of lending a person money for renovating an owner occupied home. The home was recently bought for $50,000 cash and is free and clear.I am trying to create a note for $15,000. I am wondering how ...