Real Investor Match » investment

Financing Non Owner Occupied Investment Properties?

Editor — Sat, 03 Apr 2010 04:59:12 +0000

I need names of best lenders to finance NOO Investment houses under repair.

Who does 100% financing for investment properties?
Does anyone know of a good place to go for 100% financing on investment properties in Kansas?
Can a Small Business loan be used to purchase investment properties?
If I foreclose on Primary and investment properties, could the banks come after me for the deficiency amount?

Looking to buy investment property – any lender reccommednations?

Editor — Sat, 03 Apr 2010 01:59:13 +0000

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.?

Editor — Sat, 03 Apr 2010 01:59:12 +0000

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?

Editor — Fri, 02 Apr 2010 15:58:30 +0000

and without out of pocket money?

Who can help me get an investment loan with a 587 credit score?

Editor — Fri, 02 Apr 2010 13:58:19 +0000

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?

Editor — Fri, 02 Apr 2010 09:58:22 +0000

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?

Editor — Fri, 02 Apr 2010 09:58:21 +0000

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?

Who does 100% financing for investment properties?

Editor — Fri, 02 Apr 2010 03:58:32 +0000

Should I take money out of my 401K to catch up a mortgage on an investment property?

Editor — Thu, 01 Apr 2010 23:58:48 +0000

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?

Editor — Thu, 01 Apr 2010 20:58:32 +0000

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?

Editor — Thu, 01 Apr 2010 11:59:17 +0000

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?

Editor — Thu, 01 Apr 2010 11:59:17 +0000

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?

Editor — Thu, 01 Apr 2010 08:58:28 +0000

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.

Is it a good idea to buy investment property when the seller hold the mortgage?

Editor — Thu, 01 Apr 2010 07:59:04 +0000

If I foreclose on Primary and investment properties, could the banks come after me for the deficiency amount?

Editor — Thu, 01 Apr 2010 07:59:02 +0000

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

How can I buy an investment property?

Editor — Thu, 01 Apr 2010 03:59:19 +0000

I just bought a home with the VA. I want to buy another property a year from now. Can I use an FHA loan to buy it and rent out my VA property?

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Editor — Thu, 01 Apr 2010 03:59:18 +0000

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Notes: Brand New from Publisher. No Remainder Mark.

Buy Cheap Investment Legends: The Wisdom that Leads to Wealth

Who will finance an investment property with stated income and 708 fico score???

Editor — Thu, 01 Apr 2010 02:58:38 +0000

need 100% financing….
100% financing – lowest rate possible!!

should i refinance to purchase investment properties?

Editor — Wed, 31 Mar 2010 19:58:42 +0000

i reside in North Bergen, NJ 07047 i’m trying to refinance to purchase an investment property but i don’t want to lose my low APR rate for a higher rate. i currently have a 5.25 on my 1st mortgage and a 5.8 on my second. lenders now are charging ridiculous closing cost $3,000-6,000. what is the best way to purchase an investment property without messing with my current loans?

Anyone have any experience buying a duplex as an investment property and used the rent $$ to pay the mortgage?

Editor — Wed, 31 Mar 2010 15:58:25 +0000

any good resources for this type of investing and becoming a landlord. where is a good place to learn about leases and the responsibilities of a land lord. Any good resources on ivesting in property would also be helpful.

How should profits be split on a 3-way real estate investment?

Editor — Wed, 31 Mar 2010 13:58:16 +0000

I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren’t too concerned about figuring this out we bought the property.

I would really appreciate any suggestions from real estate investors experienced with partnership investments like this.

Here are the figures for the capital and work/mangement invested by each party.

Investor #1:
Invested $150, 000 by taking out a regular home loan.
Lived at the property and payed “rent”.
Did 85% of the maintenance, improvements and rental property management.

Investor #2:
Invested $75,000 from a home equity line of credit.
Did 0% of the maintenance, improvements and rental property management.

Investor #3:
Invested $25,000 from a home equity line of credit.
Did 15% of the maintenance, improvements and rental property management.

Thank you!

can you get a FHA loan for investment property?

Editor — Wed, 31 Mar 2010 13:58:15 +0000

What losses can be deducted to offset a 1099-C for an investment property?

Editor — Wed, 31 Mar 2010 10:58:36 +0000

I own this home since feb/06. Will I be able to deduct mortgage interest, taxes,maintenance and other expenses to any income I have to report (1099-C)? What about the downpayment I walked away from. In my case I put down 20k. My loan balance is $172K and properties in area are appraising for $172K-$177k. I purchased for $192k. I ‘ve paid about 23K in interest only payments and other expenses in my attempt to try and sell and not ruin my credit. But I’m at the end of my rope. I would like to understand all the financial consequences of doing this “deed in lieu” beside of course ruining my credit. Thanks
Sorry. The downpayment is for this house not another. Haven’t walk away from it yet.

Borrowing loan from family to buy an investment house (In Australia)?

Editor — Wed, 31 Mar 2010 01:59:08 +0000

If you can answer any of the questions below that would be much appreciated. Thank you in advance.

I am thinking of borrowing money from my aunty, who is willing to lend me the money to buy an investment property for a very low interest rate. She is not a resident of Australia, therefore does not have to fill out the tax return. But she does have a bank account here, where she pays 10% of her interest.

What I want to know is:

Can I still claim that interest on the borrowing on my Tax Return? What documents will I need to proof that I have borrowed money? Do I need some formal documents?

Is anyone a Real estate agent for either of these investment real estate companies?

Editor — Wed, 31 Mar 2010 01:59:07 +0000

ROI Capital Group: free education for investors who can then buy income properties online services include financing, comparisons cashflow, property management
depending on the education you complete determines online access to properties. Can even buy online. A concept I have never seen.

or North Point Financial Group which assists in investment finance and property management. Both advertise in Craigslist very high incomes (commission) I wonder if true. New homes sales is slow, and I can’t sell resale though broker on the so I am looking for a better opportunity. Anyone out there know anything about these?

I am upside down on my investment property and I cannot rent it for what the mortgage payment is. what to do?

Editor — Tue, 30 Mar 2010 23:59:05 +0000

I am also in financial hardship and am in high credit card debt. What should I do? Die trying to hold onto a house to keep my credit score decent or just let it go?

Doing great with budgeting and saving, but need advice on investment allocations?

Editor — Tue, 30 Mar 2010 19:58:39 +0000

I’m doing everything by the book on saving for retirement and emergencies and have it going on. The only thing I’m always unsure about is when and how I should be rebalancing during market changes. I have a pretty good process for picking good mutual funds just using internet tools, but never know when it’s time to move from one fund to another, and also if i’m too heavily invested in one type or another. Is there any advisors online who charge like a one time fee for evaluating this a few times a year? I checked with local financial advisors and they seem to deal with clients having over 2mil in assets! I’m not quite there yet Fidelity told me since i’m a “platinum” level customer of theirs they’d give me free advice but they can’t ever tell you exactly what to do because of laws and regulations.

Help please i cant make payments on my investment property anymore what should i do?

Editor — Tue, 30 Mar 2010 17:58:32 +0000

Hello i’ve lost a lot of money recently and i cant make payments on my ocean property. theres still 600k dollars left on the loan the condo is worth 550k dollars now. does anyone have a solution that can save my credit?

Can anybody answer this real estate investment company advice?

Editor — Tue, 30 Mar 2010 15:58:24 +0000

I’m almost 90% sure that i want to start my real estate investment company as a corporation not a LLC. I was wondering is this a good idea. Also, can’t i sell shares of my company to private investors to raise capital. Any advice on starting a commercial real estate investment comapany will help.

What is the best type of loan to get when buying an investment property to flip? And what do they offer in Tex

Editor — Tue, 30 Mar 2010 15:58:22 +0000