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I'm long since out of conventionals. Wifey is about to run out. I'm so sick of logging into all these different mortgage sites on a daily basis to get info for book keepers and CPAs and for new loans.What happens next...
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Around three years ago, I fell in love with the idea of real estate investing. Two years ago, I bought a SFH and house hacked for the first year. Now, it cash flows as a rental property.
Here's my problem. I was luc...
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Hello all,I had a few questions for someone who owns a hard money lending practice. I know there's a few folks on here that have HML practices that may be able to chime in:Is it possible to use a business loan that yo...
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Hey Guys!We are planning to sell our property in Los Angeles and do a 1031 exchange for something in San Antonio, Tx. We may have to get two properties, one commercial (8-10units) and one 2-4 unit building. Was wonde...
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So my husband and I bought our first investment property in November and Chase is our servicer. We opened an LLC to transfer the deed and have been working to get a consent to transfer from Chase. I just got a respons...
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I’m a newbie looking to purchase my first investment property. I found a cash-flowing four-plex on the market for $250k. It is fully rented and is getting $2700 in rent. I am approved for a conventional loan. 25% down...
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Hello, I am trying to make sure I have this correct. We are planning on talking with an intermediary next week but I'd love to pick your brain. Newbie to the 1031 world.
Current property purchased: 400k, 300k mortga...
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Hey bp! I talked to the lender who I got me my 5% down Owner occupy conventional loan and he is under the impression that I need to occupy the home for 2years before I can rent the property. After our conversation I l...
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The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...
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Years ago, I did several successful fix-and-flips. But, I financed the deals using my own bank account, credit cards and family loans. I never used private lenders or hard money sources. Now that I'm retired, and vent...