Hi,
I am looking at buying a beaten up house for cash to fix it up. I have mortgage on 3 houses and HELOC on one for them. So getting a new conventional loan is doubtful.
With the house I was referring to, let's say ...
Hey All, I purchased a home about a year ago for around $200k, I put close to $90k in fixes and did a historical appraisal that came up to $410k. I borrowed $70k from family and was planning to return it after the ref...
Hi All,How can I finance a $53,000 rental property? Good credit, 20% down...would prefer to go conventional so I contribute my down payment + closing costs only, recoup, repeat (cash flow would be AWESOME on a $300/m...
I am thinking of acting as a private lender and wanted some advice. From what I've seen, it seems like I will be acting as the second deed of trust. What should I be doing? Do I consult a lawyer? What kind of back...
I am currently interested in purchasing a flip in Houston, Tx, but currently live in Shreveport, La. I understand that FHA loan requirements state that you must be an owner occupant and that the house must be your pri...
Hi all! First time posting, looking forward to getting some advice from y'all. A friend and I want to partner up on flipping houses. He owns a house in SLC & a cabin in upstate NY outright (no mortgage on either)....
Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
Hi,This is my first post here and please be easy on me.One of my friend need money for his business activity and none of the professional bankers won't lend him money due to his tax filing situation, loan to debt rati...
Hello everyone! I have two options and I need to know which one is the best.I have my eye on two duplexes that the owner is selling as a package deal for $120,000 that are appraised for $160,500. Great deal huh? Anywa...
I have heard the US treasury is dropping its interest rates due to corona virus. Does this mean banks will drop their mortgage loan rates as well? If so, is this a good tome to buy properties?