Nephtalie Pierre
possible private investing? Using Heloc?
Hello!!I have a family member who paid cash for a house in Miami for 70k. The house is now worth about 250K.I've never owned a home before and I'm trying to figure out the best way to use the equity in the home. This ...
Rajul Vora
DSCR loan, how do lenders estimate income for Rent-by-Room on Mid-term rental (SFR)
Considering buying a single-family unit for mid-term rental to traveling nurses, etc. Each room will be rented separately.How will lenders determine net income for calculating DSCR (ratio)? An LTR estimate will be muc...
Ken Seveur
Refinancing a seller financed property
What's up BP fam. I've found a potential seller interested in seller financing (contract for deed) through a title company. It's a fully rehabbed EOG townhouse asking $65k. What I'n thinking to offer is $4k down and $...
Hyeseong Park
Need cash out refi but don't have a good balance in bank acc, what should I do?
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
Menalik Archer
Private money or hard money under 50k
I have a duplex under contract for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...
Michael D.
Financing Cheap Houses
I've been purchasing a number (4 so far) of cheap houses (<$50k) with cash, and now I'd like to get my equity back out of them to buy more. I'd also like to figure out a plan for being able to do this smoothly i...
Lauren Lee
Introduction
Hello,
My name is Lauren, I am currently residing in Abu Dhabi, UAE.
I am very new to real estate investing, and have a lot to learn.
My husband and I are currently working on building our foundation...
Matt Leonard
HELP!!! I'm stuck with a deal and I need 60k in 1 week
Hi fellow BPer's,I'm a longtime lurker and podcast listener. My first post is a panicked one! I own a duplex in Boston that is my primary residence, have completed 1 flip on my own, and been apart of 5 others. I ha...
Mark Elliott
foreclosed or not foreclosed? that is the question
i have a question for foreclosure experts, lawyers and just about anyone who may know. i have been watching a house in my area for about 3 years now. the start of the foreclosure is dated 4/19/13, by US bank national ...
Account Closed
North Carolina: Security deposit not valid on technicality?
Hi all,I have my sole rental property in North Carolina. The current tenants' lease is coming to an end, after a year of me having to call them almost monthly to ask them to remove debris from the yard, and mow the la...