I need names of best lenders to finance NOO Investment houses under repair.
Posts Tagged ‘investment’
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!
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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?
can a person take out a 2nd mortgage on their home to purchase an investment property?
02
Apr
and without out of pocket money?
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?
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.
How do I protect my interests purchasing an investment property with co-owner?
02
Apr
We have decided to purchase an investment property & be co-owners with my boyfriend so we can split the profits upon selling it after 1yr. What legal steps do I need to take to ensure my interests are protected? The mortgage will be under my name. The plan is for him to lease the property for 1 year & make monthly payments that will cover the mortgage. I will continue to rent. We will both contribute equally towards upgrades needed for the house to sell after 1 year. How should he be listed on the title? should the interest be 50/50? What additional legal documentation would be needed incase we decide to split. I realize as the loan will be under my name I will be solely responsible. How can I ensure I can sell the property if I need to if he ceases to rent & I decide not to move in to the property, can I remove his name from the title? How would I need to set this up to begin with to allow for such flexibility. I haven’t closed the deal as yet but will be doing so soon.
Can a Small Business loan be used to purchase investment properties?
01
Apr
I’m entertaining the idea of using a small business loan to purchase investment properties for rental income and to renovate certain properties for resale down the road. Anybody have any opinions on this or know anything about it? Is this even allowed? What other options would I have?
Thanks!
How much can I write off on a bad real estate investment?
01
Apr
A couple of years ago I invested 50k into a bad real estate investment. The person heading up this llc actually committed fraud and was sentenced to 10 years in prison. I am looking to write off this investment for the year 2008 and have had conflicting reports on what I can write off. Does anyone know what you can write off on a bad real estate investment?
How do you make money online for free, or with no investment?
01
Apr
I’m interested in ways to make money. I don’t have a lot of money, but all advice is welcome. Real estate, cpa, ppi, ecommerce, or any other methods. Thanks.
If I foreclose on Primary and investment properties, could the banks come after me for the deficiency amount?
01
Apr
My primary residence currently worth $300K, and the original loan on the house was $585K (first for $60K and second for $120K). The purchase price for the property was $585K
I also own an investment property which is currently worth $225K. The loan on the house is $280K (only first loan). The purchase price for this property was $285K
Now, what I did was I took a second home equity loan of 60K from the investment property and put it towards the second loan of the first property (by refinancing into a lower interest loan). This is how the equation looks like now:
Primary residence
Current value:$300K
Loan 1:$460K (Interest only – 5/1 arm to expire in 2 yrs);This is the original loan
Loan 2: $60K (30 yr fixed P+I); (Refinanced loan)
Investment property
Current value:$215K
Loan 1:$280K (Interest only – 5/1 arm to expire in 2 yrs);
Home equity Loan 2:$60K (15 yr fixed P+I);
I cannot afford to hold on to the properties.
My question is, if I foreclose on both properties, what are the consequences. Can the lenders come after me for the deficiency amount. I tried to short sale for last 6 months, with no success.
I live in southern california