NOE R.
Hello everyone from Inland Empire California
I found lots of information and members with knowledge on this site.
I have a California real estate license, but statted back in 2003 as an investor, flipped few properties, I originated loans in 2005 & 2006, wo...
Mike M.
Average cost for cash out refi?
How much are you guys usually paying all in for cash out refinance? I’m paying the following fees which total 4K for the refi:1) lender administrative fee - 1,5002) origination fee - 9953) appraisal, tax, flood, credi...
Gilbert Vigil
Refinancing REC/ owner financing in this environment?
Hi everyone I am purchased a duplex last year using an REC the note is 10 years however I believe the refinance opportunity may be now with rates being low. Does anyone have experience refinancing an owner finance sit...
Christopher Cadenhead
First deal using fha loan pros and cons
I wanted to know if anybody has advice on the pros and cons of using FHA loans as a tool in funding your first real estate investment
Joe Pitrolo
Advice for Double Wide Flip
I just purchased a 4 bed 2 bath 2004 Mobile Home on 1 acre with a Septic system and permanent foundation. It had a 100k mortgage at one time. I am expecting to have around 25 to 30k in it and probably try to flip or...
Peter Halliday
Payment and LTV percentages
I’ve heard investors say you should stay away from low payment notes. I’m wondering the rationale. As long as the yield is acceptable, I’m thinking what does it matter? I guess it could limiting because of you want ...
Michael Reyes
Borrowing Private Money - Family & Friends
Good Morning BP Community,I'm looking for your experience and/or advice on borrowing money from family & friends. Although I don't have an opportunity to make an offer, I want to get money sourced ahead of when I...
Jaison Emmanuel
Appraiser Value is less then Sale price? what should I do
Hello BP members...I have a flip home that's in the contract for $132K.The buyer is going thru an FHA loan, and the appraised value came out to $125. The buyers don't have the 7K to cover the difference, and b/c its...
David Robertson
Flip without doing any work?
There is a house that is up for auction that does not need much of any work. I think the house might go for $130k. I was told by the agent that she would list the house as-is at $189k. I ran some comparables and I...
Joshua Moore
Closing cost assistance?
Good evening BP family,
I am active duty military moving out to Michigan and I am having trouble finding housing. I am looking to use my VA loan to purchase my second home. My question is, are there any programs that...