Cut your losses and move on, if you have to, but move!

She quickly said, "okay, lets cut to the chase here," and agreed to do a loan modification at 4%, drop the balloon and refinance for another 30 years, which dropped my payments roughly $170 per month, while also saving me tens of thousands on my loan over the years.I thought, hmmmm, why not ask again, so I contacted Steve who also held a loan at 4.75% with 18 years still owed, and got him to drop down to the same 4% just refinancing the 28 year term, which dropped the payment $70 per month.

I’m sure that 3rd party collections company got a decent cut of the collected amount, something the management company could have gotten on first attempt.

Hey all...new investor here with a question on whether or not I should proceed...I'm looking to place an offer on a SFR in MO and I'm reading over the engineer's report which states the following: "Findings and Recommendations (July 2019):Inspection of the foundation showed that the rear, front, and east walls have moved inward in the past with resulting cracks; the walls have had vertical steel restraints (beams) installed.

In my opinion, the rehab was a bit overkill (and took way too long) but now have learned and will make sure to cut costs where ever possible on our next project to protect our bottom line.

Then we have a lot of tree cutting groups taking down Ash trees, we watched 8 guys taking down 5 trees at the neighbors home & the only guy isolated was up in the lift.

I have to take a 30% salary cut this year.

If he stays within that realm of expertise and cuts his expenses, he can start to tackle the debt.

I assume the longer lending is cut off the lower housing prices will go.

They are referring to the excess business loss limitations under 461(l) which was encacted under the tax cuts and jobs act.