Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Good Morning BP,If you have a property that is financed using seller's financing, and you decide you will like to make improvements to the home what option would you take? I will like to take out a mortgage payoff th...
I purchased a 4 plex with a VA loan 2 years ago. I really enjoy living here but I want to move out and buy a SFH or a duplex/4plex but I need a 3/2 (Having a baby) But I dont want to sell the 4plex! we've been living ...
Hey Everyone, Typically how long before removing a co-signer off a conventional owner occupied mortgage? Is this usually done by just an addendum or do you have to refinance?
Hi Everyone, my sister and her long time boyfriend recently moved to NC and are purchasing their first home. She is qualified for the loan by herself and he is currently in the process of changing jobs so is currentl...
I have about $10,000 saved up, a 687 credit score and only been at my job for 10 months. I am trying to get a loan to possibly start working towards getting my first property. I know I could maybe find a private lende...
This is a new one. I called a well known CU about a mortgage on a primary residence. They said if you own more than THREE rentals they will not accept a mortgage application on a primary residence. This is even if I o...
So I have a question for the experienced and professional BP members.
I set out 2 years ago with a goal of purchasing one property a year until I hit my retirement to help supplement my retirement income. My problem ...
Purchase price: $118,000ARV: $171,000Borrowed: $22,000 (closing costs, remodel, utilities, mortgage)Financing: Hard money (11.99%, 6-mo no interest)Bought my first flip in March, tenant didn’t move out til April, bega...
I have just found a guy who sold an inherited home with owner financing. The new owner stopped paying some years ago. The now mortgage holder has agreed to sell me the mortgage which I would foreclose then fix/flip....