Geoff B.
Private lending for New Construction
I am looking for a New construction private lender. I currently have a mortgage on a Townhome and am looking to acquire a second home, I will be renting out the townhome when we move into the new home for almost doub...
Shirley Roberson
HELOCs on Investment Property in North Carolina
Has anyone received a HELOC on their investment property in NC recently? What lender did you use? I have one that's free and clear and a want to fund a BRRRR.
Account Closed
Loan Options post Short Sale
Good Afternoon!
Does anyone have suggestions on loan options post a short sale? I would like to purchase property this year and just completed a short sale less than one year ago. I was told by a mortgage ban...
William D.
Multiple properties, different banks, can I just borrow from 1?
BP!!
I have 2 condos, both loans from 2 different banks with PMI on both. Curious if any bank would loan me 1 lump sum to pay off both loans at a lower or equal rate. I would not have to pay PMI, I can pay 1 lende...
Martin Phillips
Properties with 10% Down payment?
Hello I want to know if this would be legal, what If I were to find an apartment owner to give me a percentage of my down payment for the bank say 10% and I pay the other 10? Alternately what If he pays me this 10% af...
Nick Dibos
Home Loans for Lawyers/Attorneys
I have an attorney friend looking to purchase his (and his family's) first home this spring - does anybody have any good recommendations for lending that allows him to take advantage of attorney-specific lending (high...
Daniel Caruso
Owner Financing
Can someone explain why/how owner financing works when sellers aren't carrying back 100% of the loan? Say they agree to carry back 20%. No bank is going to let you take out an 80% conforming loan knowing the down paym...
Saman Jafari
Who should pay the Lender credit?
For my loan, I received a lender credit for about $4000 and they say this amount will be divided between 50 something month to be paid by me. I am not sure what this is and whether this is something I need to pay?
Eric P.
Minimum Insurance Required?
Hello BP!I am currently in the process of buying my first single family rental. I am wondering what is the minimum insurance coverage required in the state of GA? I have gotten a quote but not sure what I'm looking at...
Billy Joyner
Subject To
Has anyone ever had a lender send an occupancy affidavit on a subject to deal? I did an address change online and the lender mailed the affidavit. I'm not sure how to respond since the seller is deceased. Any advice w...