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25 July 2024 | 2 replies
For my first property, is it A: better to pay cash and see how it cash flows or always use loans and save money for down payment and other investments?
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25 July 2024 | 3 replies
We find that mom and dad are making sure their kid is paying since they're on the hook too.
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25 July 2024 | 1 reply
He gets an option to buy it for the remaining balance on the mortgage, and pays my mortgage down.Call it rent to own, or call it a loan with free rent as interest plus option to buy.Will it trigger due on sale?
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25 July 2024 | 1 reply
Some states don't allow the landlord to earn interest off the money.From what I can see, Minnesota requires you to pay 1% interest per year to the tenant, so I hope you are complying with that.
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26 July 2024 | 1 reply
(this is my favorite one, it's such a wildcard)A: "Actually not too great, my friend moved out on me and left me to pay the rent on my own."
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25 July 2024 | 18 replies
I see a lot of people who are gonna get crushed as they are buying NPL's based on thinking they will foreclose but the borrower has a high likelyhood of filing BK to keep their equity and people are paying 80 cents for a 3% loan that is a year behind which is insane!
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24 July 2024 | 2 replies
I continue to get emails from Steve Mayer of Finance holding Company, but he keeps wanting me to pay a deposit + his 2% origination fee upfront...seems like a scam and wanted to see if anyone has done business with them in the past
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24 July 2024 | 9 replies
My understanding is that when it's a VA loan the seller has to pay the entire escrow fee rather than splitting it with the buyer, so it's a bit more expensive for the seller.
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24 July 2024 | 1 reply
Between the late notice and the eviction notice I am receiving calls and texts from tenants who can not pay or I am contacting them.
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25 July 2024 | 12 replies
Loan amount is low enough but be prepared for higher rate and sometimes pay a flat fee for the loan.