All Forum Posts by: Kevin Allen

I have had good luck with cozy. I don't have a lot of investments properties but they have been good with what I do have. Is there any legal actions against erentpayment for what has happened?

I usually go lowes. Sometimes I do Home Depot too. But I always always got get gift cards first from Kroger's for my purchases. That way I have lots and lots of fuel points for money off on gas.

Anyone?

Ok so I am having trouble deciding my next move. I'm looking at buying a new primary residence in the next few months. Here are some facts followed by options a and b. Currently: Primary residence worth 120,000. 3 bed one bath. Would rent for about 950. It's paid off First rental property is a 4 bed 1 1/2 bath......owe 60,000 and is worth about 110,000.....rents for 925 70,000 in the bank to work with Plan on using the rent from one of these houses to pay next primary residence mortgage(I also have a w2 job) Will be using the re Option a: Move and rent out my current home for 950 and use that to pay new mortgage. Take out heloc on this home as down payment on a couple new rentals. Option b: Move and sell my current home. Use the money to pay off my current rental(which would start paying my new mortgage). Then take the extra 50k-60k to use for down payments on a couple new rentals Hope this isn't too confusing. What would you do? I'm leaning towards one option but I want to see what others say first.

I don't have any input on how to get it vs what has already been said. I do like the tear down for a pool idea though. I would hate having a tenant next door to me.

This will be used as down payment on more brrr

Which heloc would you take. Wanting to set of a heloc on my primary residence before I move. Adjustable rate is 7 year draw period, 25 year payback. 4.25% Fixed rate is 5 year draw period. 15 year payback@ 4.75%

Yeah, I was just wondering why it didn't come up when I did the refi 7-8 years ago. I'll reach out to my real estate attorney tomorrow and see if he can get it taken care of. Thanks for all the replies.

Hello, I'm hoping to make this post as simple as possible and not too confusing. The house I'm living in is paid off and I plan on renting it out when we decide to move in the near future. I currently have another sfr now as well. I'm in the process of trying to set up an equity line of credit on the house I'm living in. In the past we had done a refinance with the bank I'm trying to set up the equity line with. I had no problems at all with the refinance. Now the underwriter is finding the original mortgage from like 20 years ago. They never closed it out even though we refinanced to another bank. It appears the original mortgage company is bankrupt as well(homecomings financial). Anyways, I'm trying to figure out how to get this resolved. Is this something my real estate attorney should be able to help me with? Should I just try a different bank? Seems like a big headache.

That's how I've always done it.