
31 August 2015 | 46 replies
The attachments are usually paid at closing with the understanding the releases will be filed after you get your money.As an attorney collecting debt, I have had my attachment be missed and then gone after the new mortgage company and/or their title insurance and usually been paid as my lien is superior to their mortgage.

27 March 2015 | 1 reply
I want to take some cash and start investing in multifamily properties.It's a 2/2 Condo in a highly desirable location.Purchase Price: $97kOwe: $68kCash Flow (after debt service): +- $250/monthMarket Value - currently selling for +-$150kThe HOA is $450 a month, which is included in the rent price of $1550 a month, so it's not that big of a deal.So I'm trying to determine if it's more beneficial to sell it, take the cash and look for a duplex, or get a 2nd mortgage and take some cash out, since I'm so far in the green.Thank you in advance for all your input!
11 January 2020 | 14 replies
When you've built a strong track record and are buying larger parks with higher values, agency debt will likely be the best non-recourse debt from a term perspective.

30 March 2015 | 9 replies
Taxes are just like mortgages, or any other debt....they get paid out of the seller's proceeds at closing, with a straight sale.

31 March 2015 | 2 replies
They will have to show the bank there is enough collateral with the remaining properties to cover the debt.

30 March 2015 | 24 replies
If you try hard enough you can find a lender who will work with you to get past debt-to-income issues and the number of properties financed.

1 September 2016 | 8 replies
I love the idea of acquiring multiple properties with cash refi's and then use the cash flow to snow ball your debt.

3 April 2015 | 6 replies
I am debt free and contributing to a retirement fund.

30 March 2015 | 14 replies
The B2R is another good option.The portfolio lenders won't care about how many financed properties you have, and can give you exceptions on any debt to income problems when they're related to income property.