Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
The balance on their mortgage is $190k.
Joe S.
Creating a note in order to sell it.
27 January 2025 | 7 replies
Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.
Olya Sorokina
Which Kitchen Design Would Sell Better?
24 January 2025 | 7 replies
It looks and feels more balanced.
Will Daugherty
Building a portfolio dashboard
19 January 2025 | 1 reply
I would like a payoff planner that helps me navigate the various maturity dates and interest rates of my (15 due in 5) mortgages so that I gain the best financial advantage when paying down principal balances.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
Because the balance in both my wife and my 401K's are greater than $100K we have the option to take out loans up to $50K for use on our properties.
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
Credit Karma has a fantastic "score simulator" tool that you can use to project credit score changes (paying off balances, opening a new card, using an old card that has not been used in some time, just paying your bills on time for 6 or 12 months).
Kody Smith
Hello, I'm just Getting started with creative finance.
24 January 2025 | 4 replies
.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
12 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
Torrean Edwards
Stepping out on faith, but looking for support/advice
20 January 2025 | 18 replies
Structurally, the property is in pretty good shape EXCEPT one problem that I cannot properly assess: the plumbing will not hold pressure.