What is the best funding option for 8 door property?
I have come across a great property in NY of 4 properties with 8 doors total that I want to purchase. Is a portfolio loan better than a conventional loan in this instance? Should I finance each property...
Hyde Park, NY - Mar 18th 2022
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Are hard money loans ok?
A real estate rehab project is in the works and I need funding ASAP as I have a property under contract with earnest money on the line with a closing date at the end of the month. The purchase price is ...
Is this good advice regarding HELOC?
I am into real estate investing and I’ve been buying properties with 25% down from my own savings. An investor friend of mine said that why not use my HELOC and write off the interest on the down? Is ...
Fresno, CA - Mar 18th 2022
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Can I finance two homes at once?
Is it possible to finance homes in a bundle? I had planned on buying one home for $140k but I have found a property selling multiple low priced homes with tenants in place and would like to buy both. Is...
How can I pull out equity from an investment property?
Any option on how to pull out equity out of an investment property? The rental is tenant occupied and the rate is 3.375%. Cash out refinance is out of the question since I have a great rate. The majorit...
What is the best financing option in my situation?
I have come across an amazing property in an excellent location but I’m having trouble with financing. It has 3 rundown houses with 2 bedrooms and 1 bath each unit. The price is set at $350k and after...
What are the loan limits in Santa Clara this 2022?
I am planning to buy in an expensive neighborhood here in California. Is a jumbo loan my only option? What are the loan limits in the Santa Clara area this 2022?
Fort Myers, FL - Mar 16th 2022
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Should I refinance to buy another property?
I bought a new construction duplex a few months back at $360k and currently house hacking. The value has gone up to $550k and I was thinking about a cash out refinance and use the money for a down payme...
Denver, CO - Mar 16th 2022
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How do I know if a lender is legit?
I am new in REI and rental properties have earned my interest. I need to borrow money to get started and I want to know what to look for when borrowing from hard money lenders. I had a conversation with...
Houston, TX - Mar 16th 2022
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Working on a HELOC for 2 rental properties
Looking for a credit union who will work with me on getting a HELOC on 2 rental properties in Kansas? I am expanding my portfolio by using equity and not going through a refinance as much as possible.
Garden City, KS - Mar 15th 2022
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What's the best way to get rid of PMI?
I purchased my condo a few years back with an 8% down for $200k. Do I need to pay for PMI for the whole duration of the 30 year term? How can I get rid of PMI if possible?
Orlando, FL - Mar 15th 2022
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What programs are available for down payment assistance?
We live in NY and are first time home buyers. The properties are quite expensive here and we can only afford to buy a home with down payment assistance. What is the best program available? Any inputs wi...
New York, NY - Mar 15th 2022
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Are my scores enough to get a loan?
Is there a lender who would accept credit scores of 617, 558, 558? I have 8 negatives on 10 hard inquiries with 6 solid positives.
Do I get rid of my work truck before I get a loan?
I am self-employed and I was told by my lender that I need to get rid of my work truck to eliminate the payment counting towards my DTI. Should I do it just to get a loan?
Detroit, MI - Mar 14th 2022
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Is this a realistic scenario for us?
My wife and I have no debt other than our mortgage. We want to sell our current home to buy a new one and so far we have homes available that will put us at about 38% DTI. We can put down more than 20% ...
Ocean View, DE - Mar 14th 2022
This question has not yet been answered.
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