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Results (10000)
Paul Brady Local bank calculating DTI in a strange way
18 March 2023 | 2 replies

I have two rental properties 
One with a $5400 mortgage payment with $6600 in rents coming after expenses ($1,200 in profit)
Another with a $2000 mortgage payment with $3000 in rents coming in after expenses ($1,000...

Jerry Padilla CALCULATING DEBT TO INCOME RATIO
9 January 2015 | 2 replies

This can be tricky to figure out especially if you currently have rental property and write off a lot on your taxes.

One great question to ask your lender is what is their debt to income allowance for a conve...

Isaac Jordan Owner's Financing & Loan Servicing Companies
1 March 2023 | 8 replies

Good evening All,I have a property that I am looking to sell by offering owner's financing. The remaining mortgage balance will be paid at closing by the buyer and the remainder that we've agreed will be offered as ow...

Erick V. Scenario Question..........
21 October 2014 | 15 replies

I buy an HOA lien through foreclosure and get on title. If the borrower is deceased, and the 1st lien payoff balance is less than market value, can I sell the property?Or if the payoff balance is more than MV and I ha...

Akhtar Nasser Personal and rental tax separation question
17 August 2017 | 5 replies

I bought a 2 family house and live in one of the rentals. Renters pay own utilities minus water and sewer. I created a security deposit and a personal account dentoted as a rental income checking account. My next move...

Harold Newsome Should I default on a bad investment?
15 January 2017 | 5 replies

I bought a triplex in 2007 financed by now defunct Countrywide. They required no inspection, etc. I rented the property for approximately a year before discovering issues with the foundation. The property is slowly fa...

Account Closed Tax deed sales in Texas
14 January 2017 | 6 replies

I was wondering, what happens if you purchase a home at a tax deed sale, the buyer doesn't redeem the property and you end up owning it and there is still a mortgage? I am assuming the original purchaser is still resp...

Trevor DeSimone Promissory Note Written to Investment Group
21 September 2023 | 15 replies

Investment Info:

Single-family residence private money loan investment in Garden City.

Cash invested: $52,000

This is the second time I've acted as a PML; the connection was made on Facebook of all place...

Jerry M. Note terms
2 August 2015 | 8 replies

Hi all, I have a tenant that would like to purchase a home I have free and clear. Her credit score is lacking high 580's but she has been the best tenant you could image. I would have no problem selling it to her and ...

Elizabeth J Humphrey how can my property have 2 liens against and I don't know?
7 October 2015 | 7 replies

So here is my story, I have owned my home for the last 17 years and have refinanced at least 5 times in those 17 years. The most recent refi was actually to acquire an equity line of credit, basically because we owed ...