Henley H.
Are private lenders able to charge PMI?
Are private lenders for real estate able to charge private mortgage insurance the way that banks do as an added security? Any insights would be appreciated- Thanks!
Derek Parks
First deal - 160k duplex for 20k
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $20,000
Bought off auction with private money for the purchase and rehab. BRRR’d it t...
Donald Lisiecki
Using Private Money with a Conventional Loan
Curious if anyone has found a way around this rule from the banks - Our bank will not allow us to use "gift money" for our 25% down payment on a conventional mortgage for an investment property. However, my in-laws w...
Tony R.
Double Closings Title Cos Michigan
I am getting close w a couple deals but having an issue finding a title company in Oakland County Michigan. Can anyone please recommend a wholesaler friendly Title company who can handle Double Closings (not assignme...
Marcus Auerbach
The cost of being cheap on rental properties - share your story!
It's an interesting experience to work on a property you rehabed a long time ago - some of my first rental properties are now long enough in service that I have to start making some repairs. And I am shocked with some...
Leticia L.
Bank wants me to forfeit my 10K in earnest money after inspection; does that sound right to you?
Hi,
I'm in the middle of purchasing a cash only REO. We have offered to pay 10K in eanest money, have show proof that we can pay for the property in cash, and have asked for a longer closer date than normal (45 days...
Connie Davis
Help me PLEASE!!!!!!
ok i know this is not the avenue for this post but i need some advice. hoping someone has some insight for me. so i found a home on the 22nd and paid my deposit and 1st month rent and signed the lease.the lease says t...
Andrea L smith
Getting a buyers cost inflated for rehab costs?
I'm currently looking at a 1 bd 1 ba 524 sq ft. It needs a little TLC but given the size of the house I can't imagine it being more than $20,000 in repairs. I plan on renting the property after the rehab. The purchase...
Aimee Schaef
Lending Co. - First Choice Lending Group - Scam or Real
Hi guys
I just wanna ask something about this lending company because it bothers me that I haven't got an answer to my question yet. First of all, I applied online a month ago already. I never received a
welcome ema...
Lorenzo Swinton
Best plan of action if I have two paid off properties
I have one paid off property and one that I owe 20000 on I want to pay the 20k off and then have two paid off property and then what would be my best strategy after that?