Naseera Mohamed
Bank approval in a short sale
It has been 80 days since I made an offer on a short sale house. I have a 90-day contingency for the bank to give an approval. I feel the seller is playing games with me. About a month back , her agent told mine that ...
Kevin A.
Increased salary, temporary employment & effects on mortgage
I'd like to get some input on my current situation before moving forward in meeting lenders for my first purchase which would be an owner-occupied multi-family house.Early last year I got into a Union which operates a...
Brandon Hughes
Buy and Hold Analysis Help - SoCal
I would like everyone to help me analyze this possible deal. I'm about ready to purchase another multi-unit property. My plan was to buy it as a primary (live in one and rent the other for a period of time). A loca...
Dean Ouellette
Proper compensation
so theoretical, if I got a mortgage on a property to fix and flip, had an investor who wants in. He is willing to to give the 20% down and rehab costs. When we sell what's a fair compensation to him from profits or...
N/A N/A
help me analyze this property
It's mix use. It has a store front (been there for 5 years) and two apartments above. It's a main street in a up and coming town.
asking price is 345,000
Rent Current Market ...
Paul Choate
Homepath investor purchases using renovation mortgage
I have purchased a Fannie Mae home using cash and am now buying one with my own financing. I keep seeing on wwww.homepath.com the logo for homepath mortgage and homepath renovation mortgage.
Does anyone have ...
Chris Krouchick
1st property, help please
Hello everyone,I am looking into making my first purchase and was looking for some insight and assistance on my first venture. I am in the process of trying to price a two-unit multi-family home with two bedrooms in e...
Levi K.
How do I get a mortgage for the property with low owner occupancy?
Hello BP experts,Simple (I hope) question:How do I obtain a mortgage for the property with low owner occupancy that is paid off?BR,Levi
Jeremy D.
1031 exchange on a short term hold?
I sold a property that I had owned for 2 years on August 7th and utilized a 1031 exchange transferring the funds into escrow with a qualified intermediary. I then purchased (2) properties on August 29th with the 1031...
Ramsey Howard
Private Money / Bank Financing
Can someone give some advice on how using private money for a down-payment combined with Bank financing for the rest may work. Advice on doing this in general or strategies to make it easier on the banking side of thi...