What should I expect when investing in real estate?
I plan to go the BRRRR route in creating my portfolio. I own a home through a conventional mortgage but I’m not sure if I am qualified for refinancing yet. What are the challenges one usually faces wh...
Miami, FL - Apr 27th 2022
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Do banks require you to open checking account when you get a loan?
Is it normal for banks to require borrowers to open checking accounts at their bank? They prefer buyers to get their payments automatically instead of having a customer send a check every month. When a...
Investing in a triplex and selling our home
My husband wants to sell our home and invest in a triplex and live in one of the units. We can afford to put down at least 10%. How do we finance such a project? Will lenders consider the property as ou...
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...
Aliso Viejo, CA - Apr 26th 2022
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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...
Maricopa, AZ - Apr 25th 2022
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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...
Discovery Bay, CA - Apr 25th 2022
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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 ...
The Lakes, NV - Apr 25th 2022
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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...
Detroit, MI - Apr 22nd 2022
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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...
Bedford, IN - Apr 22nd 2022
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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 ...
Brooklyn, NY - Apr 20th 2022
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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 ...
Aspen, CO - Apr 20th 2022
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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...
Aspen, CO - Apr 15th 2022
This question has not yet been answered.
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