Sheila S.
How realistic is this short sale scenario (short sale with HELOC)?
I have a meeting with an attorney/real estate agent next week but am looking for some feedback in the meantime...wondering if this scenario could work:
We own a home in AZ...owe about $113000 on the mortgage through ...
Darryl Ribeiro Sr.
Need help with getting creative with some equity
I have a problem & I’m hoping I can get some feedback. My fiancé has equity in the home she can’t take out because her DTI (debt to income) is about 80%. We were looking to take 30k out of the house to put for a d...
Patrick Orah
Mortgage lender denies preapproved loan
Can their be legal recourse against a lender who preapproves a loan and then later deny the loan after I have entered into a ratified contract?I am finally in the process of purchasing my first real investment propert...
Jesse Soriano
Revolving balances too high?
This is a new one too me I just paid off over 40k in debt. Most of it was line of credit debt that I had. All of my lines of credit where all used up at 100%. I decided to pay everything down to 0% line of credit and ...
Chauncey White
3 or more reasons WhY Commercial properties are vastly......
3 or more reasons WhY Commercial properties are vastly superior to residential properties:
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential ...
Josie Brilowski
Currently in graduate school- How do I get started with debt
Hello everyone,I am new to BiggerPockets! I am currently in pharmacy school and I am going to pursue real estate after school. I will be ~$150,000 in debt from student loans. I already plan to refinance those loans on...
Coby Federowski
Pay off student loans or buy rentals?
I have just under $20,000 in student loans. I just started my first job in Ohio with an annual salary of around $35,000. I really want to start realstate investing but I feel like the student loan debt is hanging over...
Eugene Lee
Mortgage Debt Payoff
Hi All,Kind of a thought experiment which may turn into reality for me; I'd really appreciate your thoughts on this, BP community. Let's say that you have a portfolio of ten single families with debts ranging from 5% ...
Bryan Hancock
What Are You Paying For Spec Interim Construction Loans?
Here is our current debt selection for spec interim construction loans:
80%- LTC = Roughly 6%, 1 point
85% LTC = Roughly 9%, 2.25 points, 5% profits sharing
90% LTC = Roughly 10%, 2.5 points, 10% profits sharing
95%...
Jason D.
Lien on Property and Student Loans?
Hey all,My wife and I are considering getting a new property. We currently own a condo but I'm the only one of the loan. My wife has student loans and I know in some states that liens will be put on mortgages when p...