All Forum Posts by: Yaear Ben

@Zachary Hawkins did the lender agree?

Loan amount (first+second) are around 500k, value around 1.1M I have a credit score of 814 I currently pay around 4% for my mortgages, and don't want to go much higher(certainly uninterested in anything above 4.75%)

Does anyone know anyone who can help me with this refinance?

We don't mind recording the sale (though anyway I represent his interest in the US, and eventually will send this land, and give him the money)

The problem is that the lander won't accept retroactive notaris

I am on contract to buy  a legal 2 unit house(duplex) in the city of LA under rent control

Sale price is 415k

I am looking for a 25% down payment loan (or best that can be done)

Open to different type of loans (ARM/fixed)

The problem I have had with one lender so far is the source of the downpayment/reserves

75 will come from my saving accounts 

The other 50k came from selling of a piece of land I owned free and clear to my dad

Since it is my dad, we did not notarize, or record the sale.

My dad already transferred the money to my checking account a couple of weeks ago.

Can anyone help me?

I'm already on contract and looking for funding

Heard FHA 203k might work if I live there?

Looking for medium (1-2 year) funding while I upgrade it as hobby (keeping my full time job, and remodeling one part at a time during vacancies) , I think the price is great, and open to move there and do it as owner occupied, or to run it from afar.

I am looking to buy a rent-controlled property, and willing to buy the tenants out, but I want to know if such an agreement would even be legal/ enforceable.

Does anyone has any experience with such contracts?

The city is Los Angeles