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I have my first property under contract and my loan officer has been working with me for a couple weeks. She has the contract stating I will purchase under my LLC, however now she is saying underwriting considers it ...
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Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...
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When buying privately originated mortgage notes (owner financed) what documentation should I be looking for to ensure the loan complies with new lending guidelines?
Interested in hearing feedback from seasone...
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I think I just have gotten my personal record. I opened escrow at 8am and had updated and ready to go title report back by 11:30 am same day.. And I did not put a rush on it.This was WFG title in Omak Washington and ...
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I would like to consolidate the 9 30 year fixed mortgage (currently in my name) into one loan and open up a revolving line of credit to move on additional deals.The nine houses have 70% equity.I’m a professional ...
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I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
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In July, my husband and I invested $112,000 in a single family home. We financed it through a mortgage company with 20% down obtained by selling stocks. After putting $3500 into it, the home is now valued at $150,000...
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I often see homes advertised "50k appraised at 65k". Just an example. So does that mean one can buy the house for 50k then take more equity out of the property then 50k he used to buy it?? im confused here.
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Will try to be brief. My stepson has done very well for himself over the past couple of decades, has set a very healthy amount of funds aside, formed a RE investment company, and structured it properly to access the ...
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Hello, I am in the middle of a sale and anticipating a 1031 exchange for a NNN. I’m looking at my options. I’m looking primarily in the northeast (MA). I’m seeing 4.5 to 6% caps for 1.5 to 2.3 million dollar propertie...