All Forum Posts by: Matthew Thorp

How do I find out what a person owes on their mortgage before it gets sold at foreclosure auction?

yes the total expenses are $1800 which include mortgage/interest, taxes, and insurance. the income is $2800.  the only equity i would have in it is the new "value" minus $270,000 (my loan amount)

thank you guys. I went with private financing and didn't need to put any money down btw. 

I have a duplex that generates $2800 a month total. My expenses are $1800 total a month. I have a loan of $270,000 at 4% for 30 years. I am trying to figure out my ROI and if it makes sense to hold on or to sell. And if I am to sell what price I should list at. Thank you.

I am trying to find good areas to invest up to 50k in jax for rehabbing and renting.  What are some good areas? I live in st augustine and only know this market.

I was told that I don't have enough income. I have owned it for 6 months and it is under my name

I took out a 3 year loan for 200,000 dollars to purchase and renovate my 3 bed 2 bath SF with the intent to hold it for a year and sell it tax free but now am aiming towards refinancing and renting it out. The property is now valued at 275,000 and am charging 1350 a month. I am having trouble finding a bank to give me a loan to refinance it. Can more experience investors give me some pieces of advice.

I took out a 3 year loan for 200,000 dollars to purchase and renovate my 3 bed 2 bath SF with the intent to hold it for a year and sell it tax free but now am aiming towards refinancing and renting it out.  The property is now valued at 275,000 and am charging 1350 a month.  I am having trouble finding a bank to give me a loan to refinance it.  Can more experience investors give me some pieces of advice.

Now will banks be willing to give out a loan if the house is not considered my primary residence?

I have heard different answers but my situation is I have a $200,000 loan from hard money and want to take out a 30 year loan for $200,000. My question is the house is now worth $275,000, can I take the equity of $75,000 to use as a down payment when I go for the new loan?