Real Investor Match » need

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.

want to buy bank own property need mortgage loan for $10.000 who can do this?

Editor — Tue, 30 Mar 2010 10:58:34 +0000

the property needs some work but is a good investment
i really need to find who can finance this loan for me

I need to refinance my 4 unit investment property I purchased last week.?

Editor — Tue, 30 Mar 2010 07:58:24 +0000

I purchased the property at a 13.5% cap rate, 63% LTV with an investor loan last week. It’s non owner occupied, I’m self employed my fiance has a regular job. The property will cash flow $600 with a 30 year loan at 7%, $400 for a 20 year loan. I’d like to finance it without having to use any of our incomes from our jobs to pay back the loan, just the income from the property. Any suggestions on who to start talking to, and what action to take. Should I get a commercial loan? Or a residential loan with a commercial appraisal? I’m looking for 75% LTV after the refi.

I need real estate/loan help(answers) on buying an investment property?

Editor — Fri, 26 Mar 2010 23:58:56 +0000

I am working with a realtor and a loan officer(which is good friend of realtor) on buying a home. Since neither me or my husband qualify to buy a house, my father-in-law is putting it under his name. He already owns a home, therefore it becomes an investment home. So we really want this house, but the loan consultant is making it very hard on us, and the realtor is confusing us. We made a proposal of $65k and the seller would help us with $4,000, we were ok with that until the loan guy says we could only get $1,300 in concessions, there are still other questions and doubts i have in what i can and cant do. If anyone can help me, PLEASE GIVE ME ADVICE. I need someone else’s opinion on what can and can’t be done on an investment property.

Need advice on financing our first RE investment property?

Editor — Tue, 23 Mar 2010 18:59:07 +0000

My boyfriend and I think we’ve found our first investment property however we are having trouble getting financing. We went to a traditional lender thinking my boyfriend could capitalize on a first time home buyers mortgage(he currently lives in my home) so we would be able to put less down than 20%. However we were told you cannot get that type of loan if the home is for an investment, so we would need to put 20% down. Between the two of us we definitely have the money to put down and for closing, but I have recently become unemployed, so as you can imagine I am not going to co-sign with him as it would only hurt our chances. He doesn’t have enough money in his account alone and we were told I cannot give him any money as it would need to be in his account for 60 days prior to our application. We feel this property is a great deal and would hate to miss out. Are there any investors out there and how do u go about purchasing your properties? Should we use Hard Money? Should we try a Credit Union? If anyone needs numbers on the deal I can supply those as well. Any help would be appreciated!
I’d like thank everyone for there responses… even the ones that suggest I should haul my butt down to city hall and get married Sorry, I am not ready to go there just yet. We both consider this a business venture, and I am not at all concerned pooling our finances together to make it happen; after all, isn’t that what you would do with any other business partner?
At this point it looks like we will have to let this one go and try to wholesale it to another investor. The property is a foreclosure(needs very little work) in Northern NH if anyone is interested. Feel free to contact me for additonal details. Thanks again!

need investment advice where do i start ?

Editor — Tue, 23 Mar 2010 02:58:32 +0000

do i go with a finnacial advisor or go with one of the online companies.

I need investing advice , Do I sell my house?

Editor — Sun, 21 Mar 2010 15:58:21 +0000

I am only 30 years old and I own a house in another state with 100,000.00 dollars or more equity depending on the market.
We bought the house 5 years ago and it tripled in equity in 5 years now I have moved for employment. I am living in my Grandmothers house she is passed away with no rent payments. I will be moving out in 2 years and plan on buying or building a home then. I currently have renters in the home but only profit $ 300.00 a month if there is no repairs. So I would like your opinion , should I sell now while the getting is good. The home is only 1000 square feet and I am concerned how much more can it go up?

I need help I’m going thru a foreclosure and I own investment property?

Editor — Fri, 19 Mar 2010 01:59:20 +0000

Hello,

I’m going thru foreclosure on my primary property but I own investment property.. My rate went up on my home loan and I can’t afford to pay for it anymore.. I tried to do a short sale but the bank to so long that the buyer bought another property..

My question is if I file for bankruptcy 13 can they take my investment property away because my primary home is being foreclosed on… I refinanced 3 years ago but was lied to by a loan agent saying we will refi before the rate went up but when it came down to it.. the home is not worth what I owe and now I’m screwed… I’m thinking about filing for bankruptcy but I’m scared they will come after my investment property… what shoul I do.. please advice…
I want to keep my investment property, I don’t care about my primary residence.
I live in California

Need bank w/o “seasoning” requirement on investment home loans?

Editor — Wed, 17 Mar 2010 15:58:35 +0000

Does anyone know of a bank or lending institution that loan based on appraised value of property – NOT purchase price? Every one I’ve talked to (at least 2 dozen) says that you have to own the property 1 year (called “seasoning”) before they will calculate their Loan-To-Value based on the appraised value of the house.

Example: I bought a house for $50K and invested $20K in fixing it up over a 3 month period, using my own cash. It now appraises at $100K, but the biggest loan I can get on it is 90% of my purchase price – $50K, for a loan of $45K. Its a $100K house so I should be able to get a loan for $80K somewhere.

Please help if you know of any mortgage broker or bank who does this. THANKS!

How much do you typically need to put down for an investment property? (Mortgage)?

Editor — Sat, 13 Mar 2010 15:58:59 +0000

Do I need a license to sell investment advice online?

Editor — Fri, 12 Mar 2010 07:58:30 +0000

I wanted to start a site that sells investment advice but I’m not sure if i need a license. Thanks.