I am in the middle of a transaction where I am selling my condo, however I just found out our complex's insurance had changed recently and does not cover 100% of replacement costs due to a recent claim (last year). Th...
Hey everyone,
Currently looking to do my first investment property. Speaking to some co workers they are informing me that my biggest hurdle would be receiving a loan. Not necessarily a loan for my first property, bu...
Hello All,Can someone tell me how to get a loan on a property that is paid off? I called several banks this morning and I was told that I cannot refi or get a HELOC on a rental property. Any advice? Any bank recommend...
Currently under contract on a condo in Aurora, Colorado. The conventional loan is at risk of falling through due to the condo association review regarding the owner occupancy ratio. I should have researched this are...
Do mortgage companies every look at anything past DTI when prequalifying a buyer? every where i go all they look at is my DTI, but my stratagies/investments/savings stratagies are not normal in the since that i dont h...
Hello as always thank you all in advance for the shared knowledge. I recently had issues with a bank loan falling through at the last minute, and lost a deal. Fast forward a few weeks, I found another but this time I...
Big Namaste to all RE gurus here. Just started educating myself with RE investing. My day job is doing IT for an insurance company in CT. Started listening to Biggerpockets podcasts(still long way to go, but very insp...
Hi everyone,I would appreciate your help with this one. I am a buyer negotiating a seller financed property. We've agreed on the terms of the deal, but I'm wondering about the mechanics of executing the deal. Do I n...
In June I purchased my first property. 2000 sq ft dumpster home on just shy of an acre. The home is zoned R-10 but there were two parcels combined for tax purposes back in the 80's. The county has said they can be sp...
Good afternoon all, I got approached for the first time to be a hard money lender on a deal in the state of Washington. I've never done this, before. I would appreciate any advice you may have on making this happen w...