Can I use rental income as leverage for a loan?

I am an investor who currently owns 6 small SFH. 3 have mortgages, one has a HELOC, and 2 are owned. My income is almost entirely coming from abroad and I’m having problems with refinancing getting on...

Problems with appraisal company, wondering if we can sue?

I refinanced a property and the appraisal noted that we had a safety issue concerning proper egress. This caused a lower price in the appraisal. I asked the opinion of the fire department and city offic...

Can we buy a property without W2s?

My wife and I are relocating back to America after spending almost a decade working abroad. Our work contract ends in a few months and we are not looking to get employed but try our hand in the real est...

How can I avoid PMI?

Hi everyone, I need help on how to structure my mortgage on my first rental property. It’s an SFH with a selling price of $175k. The home needs between 10k to 15k rehab to get it into rental shape. I ...

Do I get a HELOC in my situation?

I own a 4 plex in Detroit and I want to apply for a HELOC for this property. I need the funds for renovating the units since they are now unoccupied. I’ve been hearing good and bad things about a HELO...

What are the pitfalls I should avoid when refinancing?

My dad qualifies for a VA loan and is excited to enter the REI arena. We want to know what the process would look like when refinancing a VA loan. We plan to buy a property with a VA loan, refinance it...

Using an LLC to buy a home, how does it work?

I am new in the business and I’m curious to know how financing works when using a new LLC to buy a home. I have excellent credit scores and I also own a construction company with several million in re...

Need help with a non-QM loan

I am in the market for a lender who is willing to work with me for a non-QM loan. I need help in closing an SFH in our area. Why are there lenders who won’t lock rates for 30 days until the appraisal ...

Can I use hard money to cover a down payment?

Newbie here and I want to ask if it is a good idea to use a hard money lender for an investment property? I want to buy a condo in a beach town but lack the funds to cover the down payment. Can I use a ...

My landlord is offering his property but wants cash only

A few years ago my back got hurt while working which caused me to stop working until now. I may not have a salary but I make between $1500 to 2100 a month from my stock portfolio from dividends. I also ...

FHA room rental

I bought a house FHA, understand I have to live in it the first year, will rent out the room to long term airb&b ( 30 days plus) furnish room. Was going to do short term but realize they require long te...

Looking for extra source of funds to close a deal

Hello, I came across a $1.2million 12 unit apartment complex that I want to invest in. Since it is a commercial property my lender is asking for 25% down. If I purchase at the asking price I would be le...

Self employed and trying to invest in real estate

I have been self-employed for 8 months now and I’m having a hard time qualifying for a loan on an investment property. I have saved up for the down payment and I am excited to invest in Michigan since...

Refinancing a SFH

I bought a home with a hard money loan. I am now trying to refinance to a conventional loan. The property is a single-family unit with 5 bedrooms and 3 toilets and baths. Are there lenders who would ref...

Are there any lenders to refinance mortgage with 560 credit score