My current lender requires a 30% down for a conventional loan on a triplex. Do I have other options other than an FHA? I’ve heard of owner occupied conventional loans with a 15% down, I think my DTI i...
I’ve been having sleepless nights trying to obtain a loan on a second home. I thought a HELOC would work as I planned to use the equity on my first home and get cash for a down payment for the 2nd pro...
I am new to real estate investing and I have my eye on triple net properties. Where do I start? How do I get financing for a triple net deal and how much down payment is usually required?
I am a Canadian citizen with a TAX ID in the U.S. I own a couple of houses in America which are fully paid. I’ll be getting a working visa soon and I plan to buy a property worth $1.2M with 10% down p...
We are ready to buy our first property which is a duplex with a separate commercial building on the lot. All three units are rented out, a barbershop and two residential. Banks are not giving us a loan ...
I am ready to close my first deal. There’s a contract on a duplex with a plan to move into the other half. We have big equity in our current home that we can use but not so much saved up for closing c...
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...
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...
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...
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...
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 ...
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...
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...
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 ...
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 ...
Ask our community a question.