Aaron Ingram
Debt to Income Calculation Question
BP friends, Forgive my ignorance on bank financing and how financial institutions calculate debt to income but I am seeking a few answers. I am in the process of getting Pre-Approval for the Fannie Mae Homestyle Renov...
Alejandro Garcia
FHA Loans for Recent Grads???
Hi All!Is it possible to qualify for a FHA loan with less than 2 years of employment? I read somewhere that it is possible if you are a recent college graduate. Does anyone know if this is true?I live in the Los Angel...
Bishoy Takla
Owner Occupied every year?
Hello PB,
I just bought a duplex with a 5% conventional Owner-occupied loan (home possible program) and I plan to stay in it for the one-year requirement.
If my DTI allows, Can I get another OO loan next year for ...
Eric Mayer
How Quick Can You Really 1031 Exchange??
It seems like such a gray area. From the research I’ve done, some go 12 months and some go 6 months. There are others who even stretch that and say there is nothing you can do if someone offers you a nice profit. Afte...
Joy Runzel
Does This Sound Doable? My Only Hope (O/O SFR purchase)
I have to buy a house. FICO is 625, but only due to utilization (65%). No derogatories. Cc debt is $15K.Soon to be ex and I have agreed to sell our house. The only encumbrance is a $45K HELOC.My realtor sent comps o...
Robert Littke
Types of Ownership
I have a client who owns a 10,000 sq. ft. Flex building that he developed two years ago. He occupies about 3,000 sq. ft. and has been unsuccessfully trying to rent out the other portions for over a year.
Part of the ...
Joe Edwards-Hoff
Zoning Map- Trying to understand...
I live in Kittitas County of Washington state. I have a map for zoning, but I am having troubles understand 1) if it is current (it is on the county website) and 2) what exactly it means. There are low and medium dens...
Robert Del Rosario
How to Refinance a Quadplex?
Hello community, I'm trying to mitigate some more risk when buying a quadplex. My plan is to buy a quadplex with a private lender and then refinance with a long term lender ... but I'm already concerned that I might ...
Casey Cu
Lots of Financing options.. none seem good
Purchasing 3rd Rental unit (50k 1br/1ba short sale)
own a rental house free and clear (about 100k), but plan on selling it in a year or two....
rental w/ 60% Loan-Value (190k-115k)
have about a 70% Loan-Value (243k...
Rob R.
REO land deals
Anyone had experience with REO deals on developed land? Wondering if there are any good deals on land at the moment, with the strategy of buy and hold for a few years then sell to a developer. I know it's possible to ...