Financing scenario/question template!
Financing scenario/question templateA lot of the posts in this forum amount to "how can I finance this?" with scant details that would allow for accurate answers. Please copy/paste this template when making a new... View more
Commercial Loan Broker Arizona
Hi everyone -- I own a few smaller multi-families and a SFR so far, but I am looking to expand my property portfolio into larger multi-families which will now require a commercial loan. Since this is my first time... View more
Feedback on Potential Cash Out Refi
Hello!I am in process of looking into a cash out refi of my primary. I am sharing the closing cost estimates for feedback on this offering? Is $12k in total closing costs high? The basic breakdown I see is $5,084 in... View more
Can you have preapproval with multiple lenders at the same time?
Hello, I’m new to out of state investing. I’m seeking advice here if I can have preapproval with local lender and national lender at the same time. Will it impact my credit scores or the final approval amount? Do you... View more
Commercial loan lending
What’s the best bank to obtain a commercial loan? Not owner occupied. No balloon.
Putting cash offer (funds available) but using financing?
Hello everyone,I am considering putting all cash offer (I have funds available - read more below), but I will be using conventional financing as it will be owner occupied by myself. Could anything go wrong?.I found a... View more
When is gift money no longer a gift?
Hoping I can get a clear answer on this. Thanks in advance.I am trying to get a 25% conventional mortgage on a duplex that costs $80K. The bank is telling me the down payment can’t be gifted. I have a substantial... View more
Vacation Home Loan Requirments
Hello,I would like to buy a vacation home this year, with the intent to mostly use it as a short term rental. I know I have to manage it myself and can't have a lease on it. I have great credit and think my current DTI... View more
FHA or BRRR with OPM?
Hello everyone,I'm a brand new investor in the Richmond, Virginia area and planning to buy my first home this year. The idea is to find a small multi-family and house hack it. My wife and I qualify for a first time... View more
Financing after cash out refinance Advice
Hello all,I recently did a cash out refinance on my single family home at LTV ratio of 75-25. I did this with an owner occupied loan.My intention with the cash that I have pulled out is to convert my garage into an ADU... View more
Refinancing primary residence
Hey everyone. I'm eagerly trying to plan paths to getting into real estate investing, and I'm thinking that refinancing my current home to decrease the monthly mortgage (and increase cash flow) and then renting it out... View more
Finding private lenders
Could anyone tell me how to find private lenders who lends to new real estate investors? I understand it may be hard I am ready to invest in my first property.
Real Estate Attorney--Cleveland, OH
I am seeking recommendations for a real estate attorney in the Cleveland, OH area. To provide a brief summary, you know those emails you get about doing short-term private lending secured by real estate as an easy,... View more
Can someone help me answer a question about Lending Home?
Hey all! I have been trying to find out from Lending Home how many credit lines are needed and for how long do they have to be open to qualify for their fix and flip or rental home loan. If anyone here knows, I would... View more
Maxed on on my 10 fannie / freddie, putting next in wifes name?
I have my full 10 fannie freddie properties in my name. I put 1 in my wifes name a few years ago when she had full time income as a nurse. So, we have a few years tax returns now showing that one rental as hers. But... View more
Private Money Lending - Commercial
Hello all,I am just getting into the world of real estate. I am going to be developing four acres in Georgia into a truck yard. I have already had several people and a bank offer to lend the money required to develop... View more
Transitioning From Owner Occupied Rental to Full Rental
Rookie Investor from MA looking to buy in May.What is the process for buying a house through FHA and moving out to rent the property full time?I know I’m required to live in it for 1 year etc. but when I move out does... View more
Line of Credit on Multifamily in SC
I own a 16 unit multifamily apartment building free and clear, 100% rented with no repairs required. Please advise any lenders that you are aware of that offer Lines of Credit using apartment buildings as collateral. ... View more
How to become an Mortgage loan officer
Ho can I become Mortgage loan officer? Can I do this as a part time job? Do i have to be associated to a company
Spouse on deed but not loan still affect DTI/max loans?
Sorry if this has been clarified before, I couldn't find the answer in a search.
My wife and I are trying to maximize the number of properties we can eventually get into by keeping DTI and max loans counted against... View more
Borrowing other people's money
I have a person trying to sell 10 homes, pretty much his whole portfolio. I would like to buy the homes unfortunately I dont have that type of money. How do I go about borrowing money to buy the homes and then getting... View more
Lending Options for Commercial Construction Investment
I have the opportunity to build/buy a commercial mixed use property just outside of Boise, IDLooking for creative ways to finance construction through completionI’d rather not put full 25% down, Any suggestions?I will... View more
Boise Suburb-Commercial Builing
Good Morning!!I have an opportunity to have first dibs on a brand new commercial mixed use building - 7500-10000 SqFt in an amazing location, just outside of Boise What I am really asking for is lending adviceIf there... View more
Private lending- experience
Hi, Just trying to know experience on private lending .
How much interest rate charging with or without points, what is risk, how to minimize/mitigate the risk.
any negative experience, if yes, what was issue etc.How... View more
Loan that doesn’t require current home equity as collateral?
I’m about to buy my first investment property (rental condo) using 180k drawn from a heloc against my current home. My plan has been to search for a conventional loan, over the next few months, at a 30yr fixed rate to... View more