Jaedon Stout
Looking for Real Estate Investment Strategies Using Funding
13 January 2025 | 5 replies
I think your clients should think about this as short-term funding that they would need to pay back rather than a long-term solution for capital.
Erica A.
Renters Stackable Washer and Dryer
29 January 2025 | 10 replies
If its a Class C I'd go for a more affordable unit, there's no point in putting in more money than you have to.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
Marina Wong
711 Rescue - does it help LP in case of imminent foreclosure
21 January 2025 | 19 replies
I won't fault those syndicators that have stopped distribution or even doing capital calls if they do spend time manage the property and try to find solutions to the problems.I suggest BP have a hall of fame and hall of shame for these syndicators.
Brett Riemensnider
Seeking Advice on HELOC’s
13 January 2025 | 11 replies
@Brett Riemensniderwe don't know all the details, but as i said that's a very expensive way to buy property - if you can't afford a property without overleveraging then you might just have to save up more.
Johnny Bartel
New member looking for advice on getting started!
12 January 2025 | 4 replies
Currently situated in San Diego and can only afford rent for now because house prices in SoCal are bonkers.
Lauren Ruppert
How do you get a spouse's name off of the property if divorcing?
25 January 2025 | 5 replies
If there is a large amount of equity, one party may have to buy out the other - if they cant afford it/cant qualify, then the property is sold.I deal with this frequently with mortgages.
Ilina Shrestha
First time investor- lost & confused
28 January 2025 | 6 replies
Typically, the investors I work with purchase properties in their personal names and then quit-claim the title into their LLC after the deed has been recorded.Markets like OKC, Memphis, and Little Rock offer some excellent, affordable growth opportunities, and I’d be happy to chat with you to explore these options further.
Karl Kauper
1031 Exchange Deadlines
24 January 2025 | 10 replies
I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services.
James Wise
Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
Ideological bromides are not solutions, Jim.