Justin Homer
No more 3.5-5% down FHA loans for duplex-fourplex as of Jan. 19?
Hi everyone, so I am new to real estate investing and am trying to get my first investment property. I am a real estate agent in MN but have only been doing that since August of 2018 so I am still learning a lot about...
Brandon Reed
HELOC on Investment Property
Hi BP!Is anyone aware of a lender who does HELOCs on investment properties that aren't a primary residence?
Jacob G.
Mortgage acceleration clause
What are the stages that have to be done to go ahead and accelerate a mortgage?If the borrower made his monthly payment late and i send out a late fee notice and the next month they made their payment without the late...
Jon Holdman
Feds cracking down on loan mod companies
We've had quite a lot of discussion lately about loan modification companies. Such as this thread. I've contended, and continue to contend, that most of these companies are, at best, useless, and at worst, scams. A...
John Paulus
Has anyone used or heard of this company? Property Funding LLC
I have received several emails from them and wondering if they are legitimate. They're offering 7-9% interest with just 1 point on Fix and Flips. I'm seeing 11-15% with 1-2 points and another $2800 in fees.https://p...
Mike Chubb
Looking to for help on financing this deal
ok I have a 3/2 brick home in Franklin park illinois that a in cook county ok here it goes the owner wants 10,000 it has a total of 72,000 worth of tax liens and village violations(water and maintanace) needs 74,500 i...
Matt Slease
Buy or not to buy: Duplex
Looking for my first deal and found a contender I wanted a second opinion on. This deal is in the Canton, Ohio area, but in a middle class suburban neighborhood on the NE end.- Duplex with both sides rented at $625 e...
Berish Edelman
New investor from Cincinnati saying Hi
Hi everyone! Been inhaling the podcasts for a few weeks now and loving the vibrancy of the BP community and decided to stop lurking. We live in Cincy and we are gung ho on the BRRRR method, utilizing equity we have in...
Eric Piccione
HELOC to pay down payment on 2nd home or cash out refi?
We have a primary residence that we locked in a good rate of 2.45% and are wanting to purchase our 2nd investment soon. We're considering our options and are curious if we should utilize a HELOC, cash out refi, or jus...
Bryan Ponce
SOFR DSCR Refi
Hello,
I was made aware that there is a product called a SOFR DSCR refi... it's an adjustable rate refi. Can anyone with experience w/ these types of loans comment on: pro, cons, experience and lender used.
thanks