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

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...