Ben Vonderwahl
Downsides to Using Private Money Before Traditional Bank Loans?
Hello Everyone,I am currently looking to expand my real estate empire haha. I currently own 8 manufactured/mobile homes in Pueblo, CO. I have applied for a HELOC against my primary residence but was denied due to lack...
John Brito
Tax Season for a new investor
Hello, I purchased my first 3 unit in Dec 19 and I am in the process of looking for my next unit since my first was not with an FHA loan but home possible and I am going to use FHA in a better location for the n...
Patrick Liska
Release of Mortgage
Was wondering if i could get some help / advice. I invested some money in a flip and have first lien on the property. the investor has the house under contract and will be closing in two weeks. Their lawyers office co...
Heath Dunn
Owner occupied duplex trying to buy another with 5% down
I have an owner occupied duplex, I am trying to buy another duplex that I will owner occupy. Can I finance it with 5% down? I have been told conflicting things. Help.
Jeffrey Kovnick
Commercial mortgage brokers
$8,500,0000 property; $3million down, 65% leverage (so $5.5 million loan). CBRE is my broker, they receive 2.5% buyers agent commission. I was told that they would help me through the loan process. So, today when spea...
Kyle Seidel
How I thought DTI was calculated is wrong?
Income: -$3,000 ($2,400 after taxes) salary-$500 ($400ish after taxes) dividends/commissions-$1,575 in rental income for my owner-occupied duplexDebts:-$950 mortgage for my duplex-$50ish for min. c.c paymentHow I thou...
Udy Ekanem
Denied for a Mortgage
Hello BP, Just came across the site a few days ago and I'm grateful I did because I've learned a lot already. Tried to pre-qualify for a mortgage today and was denied. I have a lot of student loan which is my issue...
Jonah Simmons
Question about the brrrr method from a Canadian
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Jordon Nichols
Should I use VA home loan when I have money to put down??
Hello everyone, I'm a new investor currently looking for my first property. I'm looking into the best financing option for me. I will be buying a 2-4 unit in a suburban market between 100-250 K. I am eligible for the ...
Ken Gurta
Need lending advice quickly! Thank you
I have been working with a local credit union for almost 3 months on getting a Heloc. The Heloc limit is to be around $68,000. I plan on using most of that as 20% down payments on 2 houses that just became rehabbed an...