Trent Fichtner
How do I invest in Real Estate at 18 when I can't get a loan?
Hello everyone, I started my research into Real Estate investing almost 2 years ago. I decided I wanted to go the rental route. I am 18 and I work prevailing wage job. I make good money and I have enough money saved u...
Jerry Padilla
CALCULATING DEBT TO INCOME RATIO
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
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...
Harold Newsome
Should I default on a bad investment?
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
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...
Erick V.
Scenario Question..........
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
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...
Trevor DeSimone
Promissory Note Written to Investment Group
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...
Elizabeth J Humphrey
how can my property have 2 liens against and I don't know?
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 ...
Jerry M.
Note terms
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 ...