Marci Mayes
80/20 Piggyback Loan in Texas
Are there any lenders in Texas that would issue a 80% LTV first mortgage and allow the seller to take back a 20% LTV second mortgage? If not, what about 80/15/5 or 80/10/10? Would the SFR need to be owner occupied o...
Mark Welp
"Subject to" Mortgage Takeover
Quick Question on Subject too...I understand all of the positives and negatives...But in terms of the actual process, if a buyer takes over the existing loan of the seller, does the buyer actually write checks to the ...
Timothy Sheets
Private Money Lenders
I am ambitious about getting into a deal but im BaF right now and want to start flipping. How do I find private lenders? Do they advertise somewhere or is it a "private" thing that the more wealthy investors become on...
Brian Reed
Taking Over Close Friends Loan
Hello,My friend is moving out of state and I am looking to purchase their home. They currently have a conventional mortgage at about $800 a month (3.25%). If they were to sell it on the market at a higher price and in...
Kari Piecuch
Will my spouses rental properties affect my mort qualification?
My spouse has two mortgages (soon to be 3 after this BRRR). I have zero mortgages. Title for two properties are in his name only. Title for the BRRR will be in both our names. We file taxes jointly.If I apply for a co...
April Eilers
Home style renovation loans vs Brrrr refi
We are getting ready to start our brrrr portfolio! We just spoke with our lender, and walked him through the strategy. He said whoever developed/uses this strategy isn’t up to speed with the latest products out there,...
Clifford Firthh
Seller carryback 1st position note - Holder will not give a payoff amount
Looking for advice on a property I'm working on. Owner had left the property about a year ago to take care of a sick relative and squatters took over the property and they haven't been able to return. They have tried ...
Jose Falconett
Pre-approving hard inquiry affects on credit
A lot of forums and even a local agent I spoke to said that i should find out what I can finance before I utilize the agents service of scouting a deal. This makes sense, so upon questioning whether or not the mortgag...
Sean Pour
Using HELOC on Primary Residence to Buy Future Home
I have a home equity line of credit against my primary residence. I am planning to move to a larger house and would like to use HELOC as a portion of my down payment. Are there any regulations limiting the use of HELO...
Kyle C thomas
How to refinance a 4 plex apartment
Need help finding a lender that will refinance a 4 plex apartment building to pull out cash? Bought last year with seller financing and can’t find lender that will lend, my personal credit is not that good has been th...