Irfan Saeed
Hard money loan Question
Hi Guys - I would appreciate if someone can answer the following question.Is it normal that Hard money lender will not consider wholesaler assignment fee as part of the purchase price?Up until now I have been doing c...
Alice Ham
Help on current deal with seller permits
I am currently representing a client in Orange County, CA who is purchasing a home where the seller (an experienced flipper), bought the home at a foreclosure. The house was a 3/2, but the seller turned it into a 4/3 ...
Jonathan C.
Refinancing primary residence that is also used for elderly care
Hi BP,Can you refinance a primary residence that has been converted to a care home? Lenders have said they cannot help with refinancing because the care home is seen as a place of business. They suggest to get a comme...
Han Oo
BRRRR strategy Refinancing question
Hi all,
I would like to ask about refinancing from BRRRR.
Hypothetically, I buy the house at 50k. I rehab for 20k. So, I put 70k cash in this house. Now new valuation (ARV) becomes 100k. So, when I go and refinance...
Nathan Ruffrage
HELOC increase without closing costs
Hey there!!!I’m an investor with a Heloc on a property that is very low. The property is valued three times that of the current line of credit. I understand some banks will simply increase your line of credit without ...
Brent T Galbreath
How do I handle this lender issue
I really need the advice of all of you seasoned investors. I found my first two deals in Florida and actually had two homes built as rentals. My lender got both of my conventional mortgages approved but after the ho...
Fangting Wu
Seller did not perform, but send demand to close escrow.
Hi,
Just want to get some inputs from experts here, how to handle the situation.
We (buyer) are in contract early Dec. Then we noticed that someone moved in the property. We informed the seller on that day that som...
Will Golay
Looking for a second opinion on my first deal
Hey everyone! I just found BiggerPockets recently despite being interested in real estate for a while, and I've come across a listing that I think is a great opportunity, but I'd like to hear from some more experience...
Nikunj Sidhpura
Need suggestion for fix n flip /sell
Hello BP,
So i have primary residence now on rental with cash flow of 450/month. have equity of 95k.
I want to fix and flip/ sell and have 20k cash on hand what's best way i can do this regard to financing / purcha...
Shane Johnson
203K Loan Eligibility
I have just recently started looking into the 203K loan as an option to purchase a future rehab. I am curious as to what the eligibility requirements are for this, if one already has current mortgages? In my case, my ...