Naseera Mohamed
Buying real estate through a company
We are just taking baby steps and God-Willing, closing on our first deal next week. Its a 2-family REO. We would like to form a corporation through which we would like to buy more deals . How do we get started afte...
Account Closed
Question on primary residence vs. investment property loan
Hi All, Writing with a question on a fairly specific situation and hoping someone may have some insight on how to proceed - we are first-time homebuyers, looking to purchase a single family home (house or townhouse) i...
Edward Adams
HOMEOWNER SOLD "SUBJECT TO THE EXISTING LOAN" AND WANT TO GET A NEW HOME LOAN, WHAT DOCUMENTS CAN I PROVIDE THE SELLER TO INCREASE THEIR CHANCES OF QUALIFYING
I HAVE A HOMEOWNER WHO IS ATTEMPTING TO GET QUALIFIED FOR A NEW MORTGAGE. WE BOUGHT THEIR PROPERTY SUBJECT TO THE EXISTING LOAN 18 MONTHS AGO.
WHAT DOCUMENTATION CAN I PROVIDE TO THE RESPONSIBLE HOMEOWNER IN ORDER...
Mike Flora
Bringing a loan current fee
I tried asking yesterday about this and I think I was too confusing in how I asked.So if my seller is behind on there mortgage payments and I'm covering all closing costs for them, I'm assuming that when I pay the loa...
Ziad Agarwal
Hard Money loan default
I have heard stories about hard money lenders taking a house that's in default. I am assuming that is not in a judicial foreclosure state that has to be auctioned off and gives the homeowner time to sell it. Although ...
Jose Morales
Can I do a portfolio loan on my 5 low valued rentals?
Hello!I own about 5 rentals in the same city in lousiana. I paid an estimate of about 25k for each in cash. (No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of sit...
Lewis Finney
Initial primary residence, then long-term rental...maybe?
Hey, I’m looking to purchase a home in the DMV area (MD or VA) as a primary residence and intend on renting it out after we leave.
BLUF: From what I’m seeing, based on the current rates, home prices, and rent in th...
Chase Hildebrand
The Groundwork
I am new to the forum, but have been doing a lot of research. First off I will describe my situation as best as possible My fiancé and I are looking to get in to real estate. Future plans are passive income with ren...
Wes Shepherd
First Deal - Owner Finance
Single Family Residence
New furnace, plumbing, electrical ( Does not need any rehab work)
$25,000 Purchase price, should rent for at least $375. Owner is willing to finance 10% down at 6% for 30 years. ...
Nathanial Cook
Just Getting Started
Hello BP community! I currently live in Logan, UT. I am interested in Small multifamily units and short term rentals.I have been thinking about real estate investing for quite some time but never thought it would be p...