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27 October 2018 | 1 reply
They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.
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24 October 2018 | 0 replies
They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.
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24 October 2018 | 0 replies
Property is in decent condition, roof, windows, look good.
27 October 2018 | 27 replies
Stuff breaks, that's life.
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29 October 2018 | 10 replies
Also look at adding fees for "Condition of Propert Assessment" section of your lease.
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26 October 2018 | 7 replies
If not worst case scenario you pay off your debt and have life long relationships and connections already established because you didn't just sit on your hands for years.
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24 October 2018 | 1 reply
I was blessed to travel the U.S and meet many wealthy individuals from all walks of life.
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24 October 2018 | 4 replies
I'd base my exit on that more so then the numbers on the property.If the condition of the property is not terrible then it should be manageable.
27 October 2018 | 3 replies
How old are you, and what stage are you in your life?
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24 October 2018 | 3 replies
Sell at the peak of post rehab property condition and a bit of rental history, rather than wait for the next round of big-ticket maintenance.