Say you want to invest and buy a $50,000 house.
You have no income.
You put together Other Peoples' Money, structured through an LLC, with the goal of getting an asset-based loan for this $50,000 house.
Maybe you ...
I am moving to South Florida in 3 months. One of the ideas i have right now is to house hack a duplex( Looking for 250-300k range) However I do not have a enough money to put a down payment, because of moving expenses...
Hello BPers!My first post. BP has wealth of knowledge and you guys keep adding to it. Awesome job! Man, I am addicted to BP :)I am going with this triplex and am looking for financing. The loan amount is slightly more...
What's the best way to move properties that are in my name into that of my LLC. I've been struggling with this for a while now. I'm told I should do it ASAP but my mortgages all say that upon transfer of a title they ...
Hi, folks. I'm doing some self-education about loans and lending, and am a bit confused about the effect of loan-level price adjustment (LLPA) on a mortgage rate.I understand what LLPA is, and there are plenty of pla...
How is countrywide with processing a loan? I have always used suntrust for my mortgages and my "Go to" loan officer there has moved and is now working for Countrywide Home loans. I dont mind using them however I jus...
I am currently under contract for 3-duplexes on one plot of land. My financing fell through and I am in a scramble to find financing before closing. The purchase price is $124k and I can put up to 40% down and local b...
Hey everyone,I'm a newbie looking to get involved in real estate investing and was thinking if I could do flips by using 3.5% down with a FHA. For instance, could I put 3.5% down with a FHA, get a 203k loan to finance...
Just throwing it out there to the masses... Discuss!
Hello everyone! My business partner is thinking of refinancing his home (Not his primary) to purchase a rental property which he will house hack in. Is there a certain kind of loan he should be getting? on both ends? ...