Link: http://www.mortgagenewsdaily.c...
March 11, 2021
"The letter focuses on thenew 7 percent limitation on acquisitions of loans secured by second homes or investment properties. All limits are measured as 52-wee...

My husband and I are recently retired in MN.  We are considering purchasing a second home in Florida (Gulf side) where we could spend the winter months.  We have two adult children (who reside in PA and NC) and theref...

So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...

looked at a home that requires a lot of work. maybe around 25k worth of work.

the current asking price is 69k, but it's been 69 for over a year.

it would be a steal to get it for around 42, but my mortgage guy said...

Hi Everyone,
I have an interesting situation that I could use some advice for.  My wife and I found a house for our family and used a hard money lender, that we have done some business with in the past, to fund the p...

Hey everyone,
I'm beginning my direct mail marketing campaign through a third party company as of now. As I grow and expand my business, I would like to start doing most, if not all, of my direct mail in-house to sav...

I've got a deal I'm under contract for with a hard money lender providing 12% annual and 3pts on up to 75% of ARV. This sounded like a standard rate so I was going to apply. Just curious if this is agreeable. Any gotc...

I've always been curious about this. It's recommended to start an LLC to protect your assets in case of a lawsuit. But I've also read that banks don't lend to LLCs.  So how does that work? How do you get a loan and pu...

Two days before closing my lender advises that neither FNMA nor FMMC would buy my loan. Only financing 70% of appraised value. 81 of the 86 units are non owner-occupied so they didn't want it. Non-warrantable.Of cours...

Here is a scan of my closing costs. I know a lot of those are legit, but the settlement charge seems really high, and also the survey. And the Document preparation fee, seems BS. I am already paying for real estate a...