9 October 2007 | 1 reply
If the 2nd mortgage forclosed on the property, will they give money to the first mortgage after their amount has been paid accordingly???
25 January 2008 | 10 replies
I paid off one of my loan that had a high intrest rate. how long dose it take to come off my credit report?
13 December 2007 | 30 replies
If you're telling someone, I'll say you house and I get paid $xxx, then you're acting as a broker.
9 October 2007 | 2 replies
A little information about me is that I am a 4th yr med student, I paid my whole tuition on my own without any loans that is why there are so many discrepencies in my credit history and thus the low score.
10 October 2007 | 0 replies
The Marshall explained about the 10% needed down plus all the liens would have to be paid up, etc.
14 January 2008 | 22 replies
Turned out tenant was a drunk but did manage to follow all rules for 2 years The first thing that happened is the bank notified us that the insurance had not been paid and they were invoking mandatory insurance which is expensive.
23 October 2007 | 5 replies
Sellers paid points and were very creative, so buyers who held for the long term could negotiate some good deals.
12 October 2007 | 6 replies
my sweet innocent tenent never cleaned a thing in 9 months , she stained the carpet , it took 26 passes with a steam cleaner to get the carpet looking like new , she kicked a hole in the wall , these are just a few things , total 1,500 dollars worth of clean up and damages, she paid 400 for security deposit , do i send her a bill for the difference or do i have to eat the diff, i took pictures before she moved in and of all the damages after she moved out , :shock:
11 October 2007 | 8 replies
Trying to acquire a house for rental purposes, long term strategy is to rapidly build a rental porfolioPurhcase Price is about $55,000 two financing options available:1. 90% loan which will be at %7.25 interest and tie up $5500 down payment..will also cost and additional $468 in private mortgage insurance(PMI).2. 80% loan, @ %7 interest, will tie up $11,000 down payment, but will save the PMI ($468 a year) and a %0.25 in interest and ofcourse financing less which will lead lesser payments and lower interest paid.. the total savings of interest saved, PMI, and cost of barrowed less funds will come out to about $90 a month which is about $1080 a year savings over finance plan #1..which way is better to go?
25 June 2008 | 32 replies
Well, unlike attorneys, most RE investors don't get paid from sitting around NOT doing deals.