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Is it time to let go of our duplex?

I own a single duplex in a very good area in Salem OR. We started out as a tenant in 2015 and bought it from our landlord in 2018 when he decided to sell and move out of state. We paid a good price back...

Outright payment of closing costs

Here’s my situation and I need some input. I have X amount of money to put down on a house. We assumed that the seller will pay for closing costs but it turns out they can’t. Is it wise to put $5k l...

Michael Nielsen, you had helped me try to get a loan 3 years ago here i...

Wife wants to buy her first property

My partner and I have been together for 10 years now and she has stayed home with our kids. The past year has seen her become a successful real estate agent and she wants to buy properties in her name. ...

Loan without my name in the mortgage

My wife and I have a contract on a 4 unit multifamily property in Maryland for $400k. We agreed to put down 25% or $100k and most of the cash we will use will come from accounts in my name. I don’t wa...

Proof of income having a bartending job

I’m reaching out to get feedback regarding my situation. I have 3 multi family cash flowing rentals in NY and I always encounter problems with financing due to my job. I work as a bartender and can’...

Hi, my name is Joshua and I am a Software Engineer, and I developed an a...

Home construction in Texas

I am building a home in the Austin area and I would love to get your insights. The purchase price of the home is $100k and I’ve paid $3k for earnest money and $2k for upgrades. Here are sample numbers...

Retirement plans

We attended a party with friends and we talked about our plans to retire at 62, sell our home and move to CA. They said that it would be hard to get a mortgage without a job. We have no debts and income...

Is buying points required?

A new home is available and I plan to buy it as an investment. It is a new construction and I am getting my loan through the builder. They told me that I have to purchase a minimum of 3 mortgage points ...

Buying property in the US from overseas

I am a US Expat working in Manila, Philippines. I was born in California and I would want to invest in properties there before I retire. I want to know the steps on getting a mortgage given my situation...

Best friend wants me to buy his rental property

My best friend wants to get out of his rental property since he’s in debt and with bad credit. He has equity but the money he’ll get after paying the loan and closing costs after selling is not wort...

Cash out refinance turned down

My business partner and I purchased a two-family rental property using seller financing last year. We are in an LLC and it’s a 50/50 split. I planned on getting a cash-out refinance but was turned dow...

Mortgage for rental property

I live in Michigan and I’m looking for a mortgage on a rental property. Will I have a better chance at approval if I show the lender what the property will earn in rentals? Will I qualify for better t...