You are supposed to estimate what you might end up owing the IRS when your taxes are finally done and make this payment on April 15th, preferably here on the IRS website.

The tenant called me to explain that she has a medical issue and cannot pay next month's rent on time. Later, she informed me that she is unable to work and, as a result, can only pay some portion of the rent until th...

The market here is obviously tough (and we'd like to invest here or nearby for several reasons), but we have heard about second home loans that have more favorable down payment and interest options which could increase our buying power and allow us to cast a wider net during our property search.Understably this type of product would have to pass the sniff test.

Monthly income is around 7800 and rent payment is 3200 a month.

On top of the 8 months I would need another year or so to save approx. 30k for a down payment on the second property.

You also want a personal guarantee rider on your loan, a balloon payment rider, and any other riders your attorney deems necessary to keep you and your funds protected.Of the purchase price, rehab, and holding costs, how much cash is the borrower putting in?

Then, when someone goes to get financing for the asset, the house appraises low, and since the lender is forced to lend off the lower of the appraised value and purchase price, their loan amount must drop and the down payment increases. 

So, it'd be a 12 month of interest only payments before full principle is due.So, my strategy is the following..

To be assumable you need a purchase contract with the owner, settlement statement/payoffs to show your down payment makes any sense against what is owed.If the HOA really succeeds, you will see that a Board member is miraculously on the transfer sale deed...The HOA cannot sign a contract to sell to you (they don't own it yet).

I have yet to close a deal for an 18-20 year old, though.o Financing: the max eligible financing for a purchase of a property on a 30-year fixed is 80% LTC - requiring a 20% down payment.