Matt Sora
Inheriting loans when buying Property?
What does it mean when you inherit the owners loan when buying a property and how does it work?
Alex Pettingill
Are Buyers in The Most Recent Years Actually Qualified?
This is just a random though I had the other day. How many previously unqualified buyers before the pandemic, became qualified due to gov stimulus? We've all heard "Borrowers have never been more qualified" but why? I...
Mackal Smith
Don't overlook the national banks
I hear it all the time. "You really need to use smaller banks because they can provide portfolio loans they keep in house and can be more creative". I think that is probably true for the most part, but for an investor...
Laurie Verdecchio
what percentage a silent partner in a flip should make
My husband and I fund our own flips. There is a house we are interested in , but we are about $40,000 short. We know a few people who have stated they would invest. The house is $140,000 and needs about $20,000 in rep...
Mike Day
Financing with LLCs and DTI
Hi all. I'm a serial BRR-er and have recently hit a wall acquiring more properties because each additional one increases DTI above the level banks will accept--even though the properties cashflow. So it appears that t...
Rodney Dixon
Most profitable note structure?
As I'm considering to structure a note deal on this pre-forclosure lead that just came in, I need some advice on making the best move. When it comes to the best structure that will also be the most profitable(its abil...
Craig P.
Guidance Line
All,
Has anyone else used a guidance line from a conventional bank to fund rehabs (acquisition and renovation)? I just got one approved (took several months) at up to 80% LTC at roughly 4.75% and 1/2 pt ORI.
Paper...
Amauris Lora
Pre foreclosure at CT
Hey bp friends!This is the thing I’m in Connecticut and I would like to work the pre foreclosure leads that supposedly they are motivated to sell so I don’t know exactly how long I’ll have to act on it before the lend...
Corey Dutton
Scams in Forensic Audits Cost Borrowers Millions
Foreclosure rescue scams, also known as forensic loan audits, are still alive and well. In a loan modification scam, a forensic attorney or CPA, agrees to review mortgage loan documents in exchange for a fee. These...
Jason Lagan
Primary home or investment property?
We are under contract with a new construction home in Central Florida which is still under construction. With the present market, by the time it's finished in a few months (mid 2022), we may have about $20k-$30k equit...