I just got a quote for a loan on a triplex. Purchase price is $140k, and the quote lays out each line item that I'll be charged for.One of the lines says "Investment Property Fee - 2.125% - $2,231.25I haven't seen thi...

Hey everyone,I understand how "Subject To..." financing works....or at least the gist of it.  My question is, say I find a house that appraises currently at $200k, but I sign a subject to contract for the remaining $1...

Is it possible to get one HELOC for my entire portfolio? 

Does anyone know a CA lender that will lend on a 2-4 unit property that will be owner occupied and that will use 1031 exchange funds as part of the down payment.

Thanks in advance!

Eugene

I have a mortgage on my primary home, and 3 other mortgaged rental properties (making that 4). I have two other rental properties that I bought in cash. One I was able to get a HELOC on. The other, I tried to ge...

Hi,

House cost = $59,000, but with repairs the total cost came to $82,000. [I put roughly $8,000 down = I owe $74,000 on the mortgage (30 year fixed)]

My house was appraised at $150,000 before repairs. ...

I recently moved to a new state and am converting what was my primary residence into a rental.  I am set to close on a new primary residence however my underwriter is insisting that my debt to income level is too high...

I am asking this on behalf of my parents. After years and years of paying a mortgage, my parents are about 6 months out from paying off their mortgage (Woohoo!). With their new grandbaby, they are looking to move up c...

An older gentleman I know owns a mortgage and wants to sell it. The occupant has become a problem and is way behind on payments. If he sells the mortgage will the buyer be able to foreclose immediately? The gentlem...

I just got an approval letter for a conventional loan for only 3% down. I didn't know that there was a thing for 3% down payment conventional loan.
Now that I have enough saved to buy 2 houses with 3% down, I wanna b...