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Results (10,000+)
Ali S. Need Opinions/Advice on my family and I's portfolio
1 June 2024 | 2 replies
The properties are either one street down from each other or are 2-4 buildings next door.Property #1 (Currently live in with my family and I)Purchase Date May 2021Mortgage Balance: $117,898Rate: 3.625%Mortgage payment including escrow: $870.51Purchase Price: $143,000Tax: $3,308Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $110 monthly includes Water and building insurance and other maintenance for the propertyProperty #2:Purchase Date:: April 2022Mortgage Balance: $135,756Rate: 4.625%Mortgage payment including escrow: $1,375 (payment normally $1,059 but payment increased due to low balance on escrow because of tax increases)Purchase Price: $148,000Tax:  $4,578Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #3:Purchase Date:: February 2023Mortgage Balance: $118,518Rate: 5.99%Mortgage payment including escrow: $1,315 (taxes have gone up for this property as well)Purchase Price: $132,000Tax: $4,522Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #4: (We were thinking of selling this and take profits but not sure to be honest)Purchase Date:: February 2024Mortgage Balance: $139,408Rate: 6.75%Mortgage payment including escrow: $1,332Purchase Price: $147,000Tax: $4,130Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,350 a month only water is included in rent
Nick Deutsch Nick from Houston, Texas
2 June 2024 | 18 replies
I am trying to locate an attorney that can help me negotiate settlements for 7 DSCR investor mortgages on single family homes that are at risk of defaulting.
Samantha Elliott Cash out refi or keep rate
31 May 2024 | 6 replies
Let me summarize what I understood and please let me know if I am off base:You are moving and currently have a property with a great interest rate, strong rental market because of military base, and 15 years left on the mortgage.
Sheila Nyandebvu No Settlement Statement Provided
1 June 2024 | 4 replies
I have requested this issue from the lender and have not received a response.
Alecia Loveless Would you pay for the repairs to a property prior to closing?
1 June 2024 | 4 replies
The second was that there were 8 telescopic support poles in the basement that needed to be replaced with permanent poles prior to closing per the lender.
Andrew McGuire I'm Buying Negative Equity Properties and I'm Excited About It
31 May 2024 | 149 replies
I thought with an assumable mortgage, you go through the lender and replace the name on the mortgage.
Don Konipol CREATING a note for 20% + Yield - More Jimmy Napier Strategies
3 June 2024 | 5 replies
Most people believe the only way real estate professionals should be paid is as part of a commission basis such as a real estate broker or mortgage broker.  
Eugene Nilus How often you need to show POFs?
1 June 2024 | 2 replies
Best,Eugene NilusProviding Funding for Fix and Flip | Transactional | EMDI asked for a POF a couple of days ago from a potential buyer, only to be given a letter from a hard money lender that the hard money lender has xxx dollars in the bank.
Nolan Whitaker Trouble with an EMD lender
29 May 2024 | 11 replies
In our contract with the lender there is no timeframe stated for when the property needs to close by and the lender needs to be paid.
Tom Winter Can I lease my primary residence to my LLC to qualify for another mortgage?
29 May 2024 | 2 replies
My current w2 income doesn't qualify me for both mortgages.