Swetha Reddy
Out of State Investor Commercial Loan in Alabama
Hello BiggerPockets,
I am an investor from KY, looking to invest in Alabama, and I am having an issue getting a response from lenders.
I have another property in AL that was paid in cash (6 unit) and not able to re...
Ram Rao
Renting primary residence after 4.5 years of financing due to job
Hi,I need your help understanding Wells Fargo (and other lenders) policy for renting the home in California.We got a 30 year fixed loan from company-XYZ which sold it to Wells Fargo; my family and I have been living i...
Jim Coleman
Can loan buy property and supply money for repairs?
What I'm asking is when taking out a loan for a property to purchase can I take out extra funding to make repairs on the home as well? I want to buy a property to rent out and use some of the loan money to make repair...
Jon Klaus
Cash out free and clear homes?
I am buying HUD's for cash to hold and to lease/option. What is the current situation for cash out financing? What LTV's can I expect and who should I go to for these? Will appraisals be based on my purchase/rehab ...
William Smithson
HELOC for Down Payment
Hello!I am a new real estate investor. I have a fair amount of equity in my current house due to house hacking (~100k). I want to use it to purchase a rental property in the area. I know there are options with HELOC o...
Jimmy Lieu
When should I use a local credit union for financing?
I have heard of a few buyers using credit unions to get financing. When do you recommend going with credit unions? I would love to know more about your experiences with using credit unions and when would be a good tim...
Alejandro Flores
Brrrr & Mortgage at the same time
I am living in an owner occupied (OO) apartment financed from a hard money lender (HML) and my only debt in the bank system is the lease of my car.
Can I get a mortgage for a 2nd apartment with my salary and then ref...
Blaine Martinez
Financing non-warrantable condo in Denver area
Hi all, Just got a non-warrantable condo under contract today, that was in foreclosure, in the Denver area ( Aurora ).My non owner occupied mortgage was pre-approved before searching for properties, but not for not-w...
Robert Mungillo Jr
How do auctions work?
How does an auction work? Is it the same as a forclosure? Can you finance a house that is on auction?
Julie Smith
Future Rental Income DTI Miscalculation
Hi everyone,Hubby is in the process of getting a conventional loan for a single family investment property. Put 25% down and tons of reserves (over 100k). He has also owned and managed multiple properties for several...