Daniel Dietz
Can a seller carry a second mortgage on the relinkquised property
Hello All, I am new to the concept of 1031s and have a basic questions. I would be the buyer in this case, not the seller.If the seller has a property that say is sold for 250K which he purchased for 150K. He has take...
Guillaume Fortina
Best type of mortgage for 1st time buyer, multi-property house?
Hi BP Community!For (a) a 1st time home buyer, (b) looking for a multi-family property, (c) hoping to get a lower down-payment... what would you say is the best type of mortgage out there?(I have heard of FHA; regular...
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FL MORTGAGE BROKER: C. L. A. D. D. Scores Determine Everything
A borrower's CLADD Scores will determine what loan programs they can qualify for and you'll begin to hear this used more and more in the industryCreditLiabilitiesAssetsDown payment Debt ratios
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FL MORTGAGE BROKER: attach a "LOW JACK" to your LLC name
As a FL Mortgage Broker, Real Estate Investor and Landlord, my advice to investors who are opening new LLCs, is to consider include the word RENTAL(s) in the name of your LLC.Examples:Smith Rental Properties, LLCSunsh...
Charles Lecky
Where can I find an API for Mortgage Rates and Calculators?
Hello developers/technology enthusiasts,and mortgage lenders:I am looking for a free API for mortgage rates, either updated weekly or daily. Looking for:-30 year fixed-15 year fixed-ARMs-Commercial -SBA-RefinancePlea...
Steve Gerage
I can’t afford to pay warehouse mortgage. Can I lease out?
I hope I can get the answers from many experts here2 years ago I bought a warehouseI made 2 loans1 SBA 504. $5millions2 Commercial loan from one bank $8millionsMy business went down so bad. I could not afford to pay m...
John M.
Any way to move properties with a mortgage into my LLC?
I'd like to move some rental properties that are currently held in my name into my LLC for liability protection. These props. have mortgages which, of course, have "due on transfer" clauses.
I'm guessing that the ...
James Wise
JV With a twist. Money guy coming in with a Mortgage
Alright i'm not 100% sure how I want to go about this.
I have a tentative JV agreement in place. I'm writing up an offer for a house to hold as a rental . It will be a 50/50 split. I have a ...
Bill E.
"Mortgage Must be Assumed" & "52% of sale price downpayment" Why?
I've recently reviewed an apartment complex that looks interesting however the current mortgage must be assumed. Also, the deal is requiring a downpayment of $1,175,000 (52% of the sale price - asking price is $2,250...
Shari Posey
Should I Use a Mortgage Broker to Help w/Seller Financing?
I'm a listing agent and the seller will offer seller financing. There is a buyer who is also interested in seller financing. I've been advised by several people to find a mortgage broker who will help with this becaus...