Does A private individual doing private mortgages for profit on OO primary residents at 16 percent interest throughout the United States need to be licensed? As a private Lender do you have to provide a GFE, Tr...
What is some advice for someone like me (just graduated, does not have the 2 years of full time work) who wants to invest in real estate in the next year, but will most likely either not get approved for a loan or wil...
I'm currently in the process of refinancing a 2 family house which has two 4 bedroom 3 bath units in it. There are a shortage of multifamily comps in my area and the comps that were used are all 2 bedroom 1 bath two ...
I bought and moved into a 2-family duplex about half a year ago now, with a FHA mortgage and 5% down payment. In the next 6-12 months I want to attempt the same thing, but of course with a conventional mortgage this t...
I just got off the phone with my mortgage lady. She told me that she can't do any more mortgages for houses in the county that I've been focusing on. Apparently they sell all of their mortgages to Citibank. Citibank h...
I've heard on biggerpockets podcast hosts suggest you to keep on searching for Credit solutions, even after one bank has declined your application, so i wanted to know how does shopping around affect your credit? Do y...
Hi BP!I've been told by two different lenders that the 5% conventional is a better/cheaper route to live-in investments than FHA loans. Can someone confirm or deny? What are the differences? What are the pros and cons...
I would really like to know where to go around my area ( naugatuck ) to get a non qm loan and financial advisors to help me plan all of this out . I’m new to this site , new to investing , taking my real estate exam s...
I have seen several conversations lately which have had some form of Due On Sale or Alienation Clause concept in them. As such I want to address the topic and provide a little opinion as well.
First let's start wi...
Hey all,
I'm about to put a seller financed mobile home park under contract in June, and am trying to get a few ducks in a row for the future balloon payment. The asking price is 460k, I'm coming to the table with 20...