The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.

However, now we find ourselves at a crossroads.The property is fully paid off and holds sentimental value as part of our inheritance.

There is some repeated confusion around this topic because pretty much all of the main servicing companies that service DSCR Loans are prone to mistakes - and sometimes accidentally report it. 

Especially nowadays with the cost of capital so high it makes even more sense to cause you're getting 4-5% to hold it, and not having to loan it at 10% when you're stuck. 

Hello everyone,I’m seeking your advice on whether I should continue holding or sell a property I purchased last May 2023 in Windsor, Ontario, a city next to Detroit, Michigan.

Buy and Hold?

I am not a buy and hold guy simple as that.

Hello,I have 10+ buy and hold properties and I’m trying to decide should I hire an Accountant or a CPA?

In terms of reading materials I would recommend checking out Buy, Rehab, Rent, Refinance, Repeat by David Greene and The Book on Estimating Rehab Costs by J Scott.

He can't hand hold everyone to the end of a deal.