Timothy W Hanson
First Investment - 4 plex - Need Advice on FHA Financing
I really need help here to anyone that can provide insight! Here is what I was sent: It is very confusing to me! - - - - - Email from my Realtor - - - - - "Hi Tim,This lays out what it looks like to use that $7k cred...
Tara Williams
How to know if Private Money Lender is legit
I’m looking for a private money lender and one person gave me their info via FB to start applying, but I don’t know how to know if this person is legitimate and not a scammer once he gets my info. He says all he needs...
Vanessa Pruett-Urie
A mortgage not reaffirmed
Good Morning all! I have a property on my radar that will soon be vacant. The owner is going to just walk away from it because the mortgage doesn't show on her credit and she has purchased another home. She doesn'...
Irene Hunter
Will Purchasing a Property under your LLC, increase personal DTI
Hello will purchasing a property under your LLC with no personal liability increase your personal DTI? We are looking to purchase another home this spring via conventional mortgage, we are selling our primary home an...
Danielle Du Plooy
Interest rate cash out refi
Hello all, I know interest rates are rising rapidly. I just got quoted a 7.25% for a cash out refi. My credit score is 780. Does this seem to align with what other people are seeing? It does seem to be a bit highThank...
Robert Stamper
LOC on Investment Properties
Hi All,
I'm looking for a line of credit against a rental property that I currently have a 60% LTV on. I could do a cash out refi, but the fees get expensive and it just isn't as flexible. Does an LOC on investm...
Jem J.
Owner financing
Looking at selling a property and will do owner financing to my buyer. I have a wonderful mentor in this matter but I would like to gather all the opinions of the experts here. What do I need to do to protect myself a...
Breton Van Syoc
Having trouble getting a loan
What if you have 20% down payment, 900+ credit score but can't get a loan because you are self employed and can't prove 2 years of income stability. Income over 6 figures per year. Recently laid off from BP and start...
AJ Wong
BIG HELOC Energy: Why large equity lines can be hard to get and what to do instead
With many seasoned real estate investors locked into low first mortgage rates and large equity positions, many borrowers and investors have been exploring tapping second position loans like home equity lines of credit...
Tyler Kaufman
How much house/Creative purchasing?
Hey all, I wanted to start off by thanking the community and the wealth of resources here. To summarize, there are several factors that have me (as a first time buyer looking at Multifamily FHA for house-hacking) to w...