Notify your mortgage lender and insurance company of the transfer of ownership to update financing and insurance coverage.

I understand that as the buyer, the benefit is taking over the seller's mortgage payments which may be more favorable thank taking on a PITI in the current market.What I don't understand is, what is the benefit to the seller?

Rates are higher right now but the old adage is "Marry the property but date the rate".

Rent Collection can be one of the biggest pain points while trying to manage a mobile home park.We have a few rules when it comes to rent collection that allows us to collect at a higher rate than the industry average.Rules of Rent Collection1.

I prefer to use conventional loan over DSCR for the refi due to lower rates and no prepayment penalty.

Good evening @Ling Chen,Out of state investing gives you higher cap rates and better COC returns than NYC.

Here is a resource compilation list:RESOURCE COMPILATIONEducational ResourcesSeveney Mortgage Note InvestmentsWebsites which are online marketplaces - https://www.youtube.com/watch?

You don't need an LLC for one mortgaged property.  

Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7k and plus monthly mortgage insurance... in 2020 there was not just a thing 2% of the loan on mortgage origination loan fee! 

After rehab is complete, you can work with a lender to do a cash out refinance and get into a conventional loan where the interest rate will be lower.