James Lennon
commercial vs residential lone
I was wondering what experience people have when buying a rental property with a commercial loan with LLC vs residential loan and then doing a quit claim deed to transfer to an LLC? I would want the property in the LL...
Christian Kama
FHA Loan Questions and Help
Can’t really find an answer for this and I hope it makes sense but when applying for a FHA loan assuming you are approved, do you have to pay more for the P&I since your down payment is so low (3.5% or 5%DP) or do...
Account Closed
VA Loan strategy
I know that I should speak to a VA loan specialist but I just wanted to ask this on the forums.I have a VA loan for a primary residence and I am wanting to move into another property. The primary residence is already ...
John Salgado
Lender increased Mortgage Insurance premium on initial CD
I am in process of closing on my first MF house and recently received the initial closing disclosure. I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount. It i...
Mike Coleman
Want to partner to start mortgage origination
'I am a Real Estate Broker in CA. I recently received my License to originate loans. I am looking for a company to associate with that will allow me to continue my RE Brokerage activities under my own name but offer m...
Peter Petwr
Blanket loan for 9 rentals? Or Private money?
I was looking for a first investment and as I was looking around I came across 9 houses that are cash flowing Gross 1.7-2% of their value
They seem to have strong rental histories but I'll be doing due diligence late...
Ken Rishel
Poll on Chattel Lending to Consumers - Please Respond
This is a poll to determine the level of interest in a new program a client of ours is considering. I ask you to respond either Yes I am ready, willing and able to participate, or No, I am not interested. Would you be...
Trevis Kelley
Another Underwater home - different approach
I have been trying to figure out how to get rid of my underwater home for a while. I recently became disabled, and moved away from a mortgage I could no longer afford. I have luckily found a renter to help make the ...
Melody Stevens
Need Advice Obtaining Mortgage
Help!!! I am trying to get a mortgage.. $85k max.. originally for investment purposes but circumstances have changed due to a death in the family. I've tried credit unions, local banks, big banks... no one will approv...
John D.
Looking for opinions
I am in the process of purchasing a property that was listed as an estate sale in PA. Cost-$55,000ARV-$140,000Rehab work-$40-$50KIt will be a cash sale. I am leaning toward a flip and the process may take between 6-...