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...

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 ...

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 ...

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...

Are there any lenders to refinance mortgage with 560 credit score

Buying a multi family and looking for options

When you buy a property is putting down 25% the only option? How about using assets to pay for the down payment? I am buying a multi-family investment property and I am looking for options. I am new to ...

Are private lenders any good?

Are private money lenders any good? How do you go about negotiating terms? Given the current market conditions, I am not sure what numbers are good right now. Is a 6% return a fair deal?

How long until we can refinance?

Trying to understand how long we need to verify income from an STR bought with cash so that we can refinance and buy another property to build our portfolio. In our case, there’s no other source of in...

I want to leverage my extra cash and invest in real estate

I just got into real estate investing and I’m trying to figure out my next step. I have a lender that pre-qualified me for a conventional loan. I have great credit and have around 70% equity on our pr...

Loan for renovation

Hi, I am looking for a loan to renovate a property that my cousin owns. It has a store with 3 apartments on the 2nd floor. The rehab for the apartments is finished but she lacks funds for the store. How...

Scores aren't good and I plan to apply for a loan

I inherited a house but within a month of the deed being transferred the home was demolished since the land had debt for taxes and liens. My mortgage scores aren’t good and I’ve been working to get ...

Family employer

Need help in removing a co-signer from a mortgage

I need to remove a co-signer from a mortgage and both sides have agreed. I am currently refinancing my home. How do I proceed with the quitclaim deed? How much would this cost and how long will it take?...

Problems with auto withdrawal system with our lender

I make it a point to pay our mortgage every other week since the lender set this up with an automatic withdrawal system. This means we have 2 extra payments per year which are applied fully to the princ...