Mick Misra
Conventional v Hard Money Loan
I'm planning my first fix & flip and have a question on whether I should use conventional or hard money lending. I hope all the BP'ers can give me a little advice on my first fix and flip!
Basically, I'm in the p...
Jorge Caicedo
PRIVATE LENDER'S SELF DIRECTED IRA..NEED SOME CLARITY HERE..
Ok, I've read that many private lenders lend out of their self directed IRA's to investor's for a return on their money..However I came across this article and now I'm totally confused..Self Directed IRA companies ...
Keith Anderson
Conventional lending on first rental property -- advice?
We're headed down the path to purchasing our first rental property via a well-known turnkey provider. They've recommended a lender to us, and we're at the pre-qualification stage.We're likely to buy 2 properties this ...
TJ P.
Multiple 401Ks to self-directed or other options
Looking to fund a purchase/s by possibly utilizing funds in 401K and 457. These are from previous employers where I never got around (might be a good thing?) to rolling them into a single account.I will not be able to...
Account Closed
What are today interest rates for investment property under a LLC
Hey BP,What are today interest rates for an investment property under a LLC?
Coco Poyet
Inflated Sale Price on Reno Loan
Hi BP community - My husband and I received the latest loan estimate for a house that has a purchase price of $261k and total reno of $26k or $287k total. The lender is considering that the total due to the seller is ...
Amber Cerone
Refinancing Commercial Loan - best options?
Before I decided to educate myself on REI, I jumped into an offer on a commercial condo to open a retail shop. Based on that, we got a conventional commercial loan with the terms of:1. Can only use the loan proceeds t...
Christian Allen
How quickly can you get another FHA loan?
I used an FHA loan for my first triplex to househack and after a year would like to use an FHA loan to househack another triplex. My mortgage broker told me I would have issues with this because the underwriter would...
Benjamin Blackburn
Are there guidelines to choosing Lenders, Bankers or Mortgage Brokers?
Hello BP,I'm wondering if there are any guidelines to go by when choosing the lender? Are there certain questions I should be asking? Obvious red flags? What am I looking for?I've been looking into FHA loans since ...
Stephen Wiater
PMI (Private Mortgage Insurance) Tricks & Tips
Hello All,I am trying to get approved for a FHA loan and I understand that there is PMI insurance in most cases. My questions is: Is there a way to not pay the PMI payment at all or a very low PMI payment?any tricks a...