Donald Pierson
Financing for 9 Months Using Investment Property as Collateral
TLDR: Fix & Flip (see BP report link View report). $725k (single family home; on MLS @ 1mil). I need $210 for closing. I’m using $100k of my own cash toward the total closing costs of $210k. For the remaining...
Dillon Penner
Get in now or wait for better credit
I am committed to buying my first property in 2023, but I am torn on jumping in with 2 feet right now. I am currently around 650 670 credit score and I plan on house hacking with a FHA loan. With current interest rate...
Kevin O'Brien
Cash out refinance hard money lender recommendations
I am in the final stages of a rehab in Indiana that I was planning on refinancing through a hard money lender once it is rented. Before the virus I saw some hard money lenders up to 80% LTV @ 6% for 30 year fixed loan...
Charles Hathcock
DTI is too high with 2 mortgages in my name
Hello, We have 2 homes so far, one is rented out and we live in the other. Both are FHA as the bank said it was legal since we lived in the first home for more than a year. My problem is that my credit score has tan...
Jason Kha
Creative financing-assume loan question
Hi BP.I'm new with creative Financing. I have newbie question about "Assume Loan" that I need you guys expert opinion on the subject if you guys don't mind. I saw this potential deal so attrative to me:Location: west...
Timothy Johnson
Refinance or HELOC?
Hello, purchase our first property it is a townhome in September 2022, using down payment assistance with 3.5% down, conventional with 6% interest. Built in 2006, we got it for 175k and it was listed and valued at 191...
Mike Dugan
Private Lending Questions
I am a new investor in Grand Rapids Michigan and have recently launched a yellow letter campaign that has resulted in me getting two duplexes under contract. I have the credit (740) and cash/w-2 income to do traditio...
Rodney Clark
4-plex or 5 Unit multifamily apartment general questions
Hello everyone. I have stumbled upon a 5 unit multifamily apartment complex as well as 2 duplexes on the same lot , both located in Washington State and have some questions regarding loan types and other general info...
Willy A German
First time Home buyer
What’s ideal for first time Home buyers, work straight with a conventional bank or a Mortgage broker?
Mark Maynard Jr
Experience with DSCR Lenders
Does anyone else seem to have the same experience when applying with DCSR Lenders?Background: I am currently working with a lender in New Jersey who calls themselves BRRRloans, parent company Orbit Capital. I have to ...