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Hello All,My parents are currently working through their first 1031 exchange and have run into a brick wall of 4-plex or less. My question: are there any lenders that will write a mortgage for a 6 unit rental propert...
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I am looking to buy a second home that will be used to help out some family members. As long as I gain equity long term in the property I am fine with that. I have checked out various sites and know the basic differen...
I currently own 13 single family properties in Columbus Ohio recently appraised at 1.1 million. I have just under 500 K in mortgages. I have exhausted the yellow pages and am searching for this product. Fannie Mae ...
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I was just curious as to what everyone's reaction to the news this morning that the fed will provide another stimulus by buying $40 billion of mortgage backed securites each month. The article can be found [http://www...
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Hey guys; when you take a deal subject to, do you offer to pay the 2nd also? Most 2nd are taken to finance personal expenses (cars, vacations etc) so I'm thinking of offering to pay only the 1st, but I'd like to hear ...
A few years ago I sold a house to a couple that asked me to take back a second, since they could only quailfy for a 80% loan. I did and now they have stopped paying me, but they are still paying the first wich is a l...
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I can check daily on bloomberg.com for mortgage rates, but I believe these are national averages. Where can I find info on the most up to date mortgage interest rates for my local area in Southern California (more ...
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I am wholesaling a property in foreclosure that has a short time until the Public Trustee sale.
I have contracted the property to take over the payments, but that the seller is not released from liability on ...
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I am running into this issue now. I know Fannie Mae now allows investors to purchase 5-10 rental properties but with 25% down and requiring a 6 month reserve on all financed properties. I don't meet all those requirem...
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A fundamental change in the way mortgages are regulated took affect earlier this year. Provisions of the Dodd Frank Law created the ATR (Ability To Repay) rule and QM (Qualified Mortgage) safe harbor. If the lo...