Michael Diggle
Mortgage loan officer info
Hi everyone was wondering if anyone on here would be able to and willing to help me with some basic info on becoming an MLO.I currently reached out to a few people I know in the industry and figured here would be a gr...
Kat Hughes
Refi to drop MIP (but possibly have higher interest rate) or not?
Hi! New to bigger pockets and would love some advice on refinancing or not...We bought a $640K Multi Family home in 2012 (north hollywood, Ca) with a 3.5% interest rate, FHA loan.We refinanced in 2015 and took out 10...
James Yancy II
Using a suggested hard money lender.
With all these up front fees, what is a good hard money lender that doesn't require a application fee? I feel that these fees should be included in the closing not up front. A little understanding goes a long way!
Jordan Springer
Should I buy this four plex?
I am an Army Officer in my mid 20s. I am getting stationed at Cannon AFB in New Mexico and I found a four plex that has an asking price of $350,000 in the nice part of the city. Each unit rents for $950, and the owner...
Josh Carter
Is this type of hard money loan possible?
I was talking to a friend who is also new at this and she mentioned that she may have read somewhere about a hard money deal where it's 0% interest for the 6 months. Of course she's not 100% sure where she saw it and...
Craig Desnoyers
PMI with a lower interest rate or no PMI and a higher rate
Hey everyone, This week I signed my first contrast for a duplex and went to two different lenders in my area for pre-approvals. My question is which loan is better in the long run. I am purchasing the property at 125k...
David Stone
Rental turned Lease-to-Own
I have a single-family rental house with an excellent tenant who has expressed interest in purchasing the property on a rent-to-own contract.My question is: 1. What is the best setup for a lease option agreement? ...
Daniel Bernard
Navigating seller financing on a multi-family (1st property!)
I’m new to real estate investing and think I may have a good deal, but I’m a little unsure of my next step and thought someone would know!Deal breakdown:100k multi family 4-plex that the seller inherited from her pare...
Cameron Rouse
Financing for Newly Self-Employed
I'm looking to purchase rental properties but have been self-employed for the past year and have been told by 1 lender than there is a 2 year minimum. I'm a RE Appraiser and have been this for 5 years.
I'm curious h...
Shaun Palmer
Number of Fannie Mae Loans
I am inquiring about the number of loans you can have for investment properties. At this time I currently have 10 loans that are backed by Fannie and Freddie. However I am looking to refinance these loans with privat...