All Forum Posts by: Guifre Mora

@Dewane Mutunga did you find a lender?

@Amit Saini did you find a lender?

@Kevin Hoff you can start with local Realtors who have dual license in other states that focus on investment properties in those states.

@Sean Tippens you can’t disqualify a tenant for being a foreigner and you cannot ask if they are in the country legally or not. There could be legal action against you for doing so.

You should be reading this instead

https://www.equalhousing.org/wp-content/uploads/2014/09/2012-Immigration-Status-FAQ.pdf

@Nathan G. That is not true the IRS does not qualify who gets a the number.

@Ruchi Patel please explain: you payed down points to the lender for a lower interest rate? 

and landed at 4.5% (started at what rate?)

the broker is charging you 1% commission for their services...correct?

 

@Nehemiah Smith I would reach out to a broker that can give you some guidance. There is always someone willing to teach or send you to the right direction. A second option is to join meetups.com and find a RE investment group as @Matt M. mentioned. 

@Eric M. A new group is starting in Atlanta called 500 club look them up in meetup

@TARAS KOKHMAN it's doable but the seller will need to subordinate to the HML.

Meaning that the HML will be in first position lien and seller second lien.

@Simon Ruiz one of the many uses of HML is to buy the property (quickly) and use this funding as a bridge loan while you seek conventional funding, it's also easier on the pocket as you only need to pay monthly interest.

PM I can walk you through some sample scenarios.