Steve Newsom
Fannie Mae 5-10 Financed Property Lending
Has anyone worked with a lender who has successfully used Fannie Mae's 5-10 program in California or else where.
Rosemary Cubbage
Help getting my finances sorted to purchase in November-
Hi BP friends,I have a few questions. I am hoping to make my first investment by the end of the year (Nov.-Dec. as I will be visiting the States during that time) and first need to get my financing all figured out.One...
Kevin L.
Would you rent to this guy?
Hi BP community,
I'm trying to rent out an in-law unit in my house. I currently have a tenant who has a stable job with great income in his early 30s. But his credit history is messy (8 collections and 1 eviction). W...
Nelly R.
Buying again after previous short sales
Hi all! I'm a newbie! I posted in the Newbie forum but figured I'd post here too! I have a few bucks in the bank and after reading several books and getting the "itch" again, I want to invest in real estate. A litt...
Dana Tenebruso
Tenant Credit Screening Advice.....
Need some advice...Im renting a condo unit and have gotten lots of interest but seems like every time I run a credit screening Im seeing very low scores (with substantial old debt). Im starting to think Im being too h...
Javier Fernandez
Mortgage approval for a college student, Boston area
I'm a sophomore in college right now, and i have the goal of saving money for my four years and buying a multi-family home owner occupied. As of now i only have a secured credit card that i've had for almost a year no...
Joey Gorombey
Please Explain Preapproval as if I'm Five
Hi all,
Could someone please explain to me what pre-approval really is? I have a pre-approval notice, and I'm not sure what the legalities of sending it out to agents or exposing it are. Is it designed to be shown to...
Mike Bryant
Advice needed
last year I purchased 3 low cost properties using a high interest signature loan and a credit card. They are now spruced up and rented and I need to get mortgages or lower interest loans but my credit score fell to 63...
Ethan Hamilton
Community "Investor Friendly" Banks in Houston for a Turnkey
Could anyone recommend a local, community bank that likes working with investors? I'm based in Nebraska but just purchased my first turnkey in NW Houston. The quote I received from the provider seemed high, so looki...
CJ M.
Terms for portfolio loans
Hello,For those of you that are over the FM/FM limit of 10 financed properties (I think that's the limit now), what lender terms are you generally seeing out there?For example I just did a few deals with the following...