Doug Phillips
New car, hard to get conventional loan for first time home?
Hi all,My girlfriend and I just got a new car- she makes the payments and we put it in my name due to my pretty good credit (hers is currently pretty bad). My question is: My dad freaked out when we bought it because...
Lori Williams
Had a lender tell me...
Called A lender today on a property that's been difficult to get rehab financing for, basically because I'm halfway through with the rehab and just need a little more to finish it.This particular lender had a $200,000...
Tyler Howerton
Cash out refi or Heloc?
Just purchased my first home using Fha 80k for the house and it got appraised at 150k as is in 6 months I plan on having the whole house updated and ready for renting! All though I am in a pickle, My plan is too eithe...
Steven Whipple
Lender changed the terms and now the deal doesn't pencil
I found my first deal, and everything looked good. All the numbers worked out the way I wanted. We got pre-approved for financing, and our offer was accepted. We paid for the inspection, and it turned out well. Last n...
Corey Byrum
Finance and Renovate Investment Property
Hi! Big thanks in advance for anyone taking the time to read this. Please let me know if I can provide more specifics or numbers.I have an opportunity to purchase a fixer upper in a relatively great location. The oppo...
Scott Egbert
How do I MIRROR a Loan for a "Subject 2" Deal ??????? HELP :)
I've have a couple "Subject 2" deals I want to close on but I don't want to over pay. For example. One seller is willing to let me take over payments. He has 22 years left on his mortgage. So I don't want to write...
Patsy Waldron
Two small multifamily or one bigger one?
I am starting to look into properties to buy, and have a question for those who have already gone down this road: is it better to buy two small multi-family (say, duplexes) or one larger one (say, 4-6 units)? What are...
Taylor Cochran
Deal Analysis:House Hack a 700k Home Purchased for 500k
Hi BP Community, I have an opportunity to purchase my grandmother's home in a very nice Nashville neighborhood. Zillow estimates the home value to be between $679,000 - $792,000, but I would be able to purchase it bet...
MARK F.
What was cause of High Multifamily Vacancies during 2009
Here is the multifamily vacancy chart from data gathered and reported by the NAHB.
*in case chart doesn't display you can find it here...
http://www.nahb.org/generic.aspx?sectionID=238&genericContentID=14910...
Joan S.
VA Loan on SFH or Conventional on a Duplex?
Hello All,I was pleasantly surprised to find out that I got pre-approved for a VA loan. I love this loan because it basically means I don't have to put absolutely zero money down, no down-payment, no PMI and no fundin...