you don't just go to a website, write in some numbers and poof, get a proof of funds. you need to speak with a mortgage officer to go through your income, assets, debt, etc. and see if you qualify for it.

21st century mobile home mortgage How did you add value to the deal?

This mortgage is too much for me anyway and i feel i could use this money to eliminate hard money lenders in my flip business.

Hey BP Community, I have a question here for the mortgage lenders.

Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.

Adam,I hear that statment a lot but the key component of this REI game is once you have your mortgage paid down. 

Hey BP Community, I'm wondering if there are advantages/disadvantages from getting a HELOC from a local bank or a mortgage company. 

The California Association of Real Estate purchase & sale agreement has a "subject to" section.The most important issues are to proper disclosures to your seller so they understand the pro's & cons of entering into this type of agreement.

You will quickly learn that most MLOs suck at REI mortgage math (hell, just read this website), hence all the fumbled pick-me-up deals.

The mortgages and closing expense can be written off to eliminate the taxes as you want