I need names of best lenders to finance NOO Investment houses under repair.
Looking to buy investment property – any lender reccommednations?
03
Apr
Now that half my neighborhood is forclosed, I would like to pick up a few bargains for investment purposes. In order to capitalize on the opportunity, I would like to put as little down as possible so I can use my cash for more properties. I was told that you have to have a score in the 800’s to get a low-down investor mortgage. Well, just so happens my credit score is in the mid-high 800’s. That means I am eligible for 5% or 10% down investor loans at decent interest rate – my question is – who does these kinds of loans. I heard Chase does. Any others. No brokers please. Thanks!
Dear Troll….Copied directly from my credit score monitoring service:
Your credit score is based on information from your 3 Bureau Merged credit report. The higher your score is, the better chance you have of getting the credit you apply for.
Your credit score from your
Equifax credit report is 860 on a scale of 150-930
Experian credit report is 854 on a scale of 150-930
TransUnion credit report is 838 on a scale of 150-930
So, if you don’t like it… Take it up with equifax Moron….
Should I payoff 1st mortgage ($60,000) then get a new mortgage for RE investment or get a cash-out refi.?
03
Apr
I own 5 rental properties free and clear and I have excellent FICO. Which type of loan for $180,000 investment property is best. (That would only be 50% LTV for primary residence) Or should I take out the loan on one of the rental properties?
what demographic characteristics would you think are likely to describe heavy users of the following?
03
Apr
cont. a. online investment advice & stock trading b. ready-to-eat cereal c. video cassette recorders d. laptop computers
can a person take out a 2nd mortgage on their home to purchase an investment property?
02
Apr
and without out of pocket money?
Does my property qualify for the NACA home saver program?
02
Apr
The deed of the property is in my name and my parents but the loan is under my parents name only. For my parents, this is their second/investment property but for myself, it’s my only.
If I purchase a home in all cash would I get a mortgage or home equity loan?
02
Apr
I am planning on purchasing an investment property with 100% cash. I can purchase the property at 60% of market value. I then plan on pulling a loan out for 60% of the market value. Would it be considered a mortgage or a home equity loan? A mortgage currently is about 300 basis points lower than the home equity loan. I am hoping it would be considered a first mortgage because it would not be a second lien position. Thanks
Who can help me get an investment loan with a 587 credit score?
02
Apr
I need $75k-$80k for an investment property who knows someone that can help me make this happen I am working and I live in Texas. I need a good deal please help!!!
What’s the most reasonable form of investment, real estate or stocks?
02
Apr
While real estate seems to be more reliable, day traders that know what they’re doing appear to make a thousand dollars a day +. Should I forget about real estate and learn the tricks of the stock trade instead?
Where is the best place to go for a real estate investment loan in FL?
02
Apr
I’m looking to buy a property and I don’t have much to put down, what kind of finacial requit\rements do banks usually require to purchase investment properties?
How do I force a lender to foreclose?
02
Apr
I took a hard money loan on investment property and I wasn’t able to keep up with the payments. The lender went to court and had a receiver appointed to the property. I had bought the property at half of the value and now that the city and area is improving the property is worth nearly three times as much. I have listed the property with real estate agents in an effort to sell it but ever since the lender had a receiver appointed six months ago they have accelerated the interest rate, which is draining the equity of the property, and the receiver is telling all prospected buyer to wait to buy at forecloser: but the forecloser date has not been set. In the mean time the accelerated interest rate is kill my equity and all my efforts to breaking even is going to waste. Need to know how to force the lender to give a forecloser date?
How to invest in real estate with no money down?
02
Apr
I am looking to get a little more infomation on investing in real estate. I have talked to people who buy houses with no money down and end up getting cash at closing? Is it legall ? Are there websites to get solid concrete advise? I want to verify everything these people are saying. I would like to buy a property for rental purposes. Any suggestions or ideas?
Should I take money out of my 401K to catch up a mortgage on an investment property?
02
Apr
I had lost my job and found another job in another state. We found renters for our house but have had to use their rent for the last couple months to live off of because we depleted our savings trying to stay up on the mortgage. Their rent is about $100 short of the payment, when you factor in property taxes about $450 short. We have eliminated expenses and lowered our monthly bills over the last several months. The thought is refinancing our now investment property to try and get a positive cash flow. The alternative will more than likely be us ending up foreclosing on it or a short sell, because of our current financial situation. We are currently 3 months behind.
Or does it make more sense to cut our losses and take the hit on our credit? We are currently renting and would like at some point get into another mortgage so we don’t feel like we are throwing away our money to someone else. But we can stay renters in our current house for as long as we may need to.
