Hey folks- I want to re-vamp my rental website to allow tenants to pay rent on the page with their checking account. I don't want to use a third-party like Dwolla or WilliamPaid. I simply want them to go there, type i...
I recently purchased my first rental property (Duplex) for $65,000. I had to put 25% down for a 30 year mortgage so I still owe just under $49,000. I do have an investment mortgage on this property because I do not li...
Kind of what the title says - I have a private investor who is interested in issuing a loan for 12 months with a simple interest rate of 7.5%. How would I structure the paperwork so it is legal and binding? The invest...
Hi all. I have potential tenant who's accepted as a medical student(4 years program). She has different degree but decided to achieve doctor degree. She will be full time student. Her dad approached me and offer to pa...
A newbie question here but I'm having trouble finding this information clearly spelled out somewhere: What exactly happens when a 2nd lien is established on a property? Does the borrower now pay two separate mortgag...
I heard that with a 1031 exchange we would need to replace the entire debt. How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the or...
A person mentioned they could provide work. Is there a place I can go to verify they are a licensed contractor. I asked but they were unable to show me, they needed money first.
Is it possible to:-Identify 5 properties. (Using 200% rule.)-Use almost all proceeds to close first 4 properties in cash. Then about 2-3 weeks after closing finance property leaving 20% of cash in that deal.-Then us...
Hey everyone; my name's Jerome. I'm new here. Anyway my landlord basically was charging me $675 for the room I lived in before and then he made me an offer to move out to the patio outside so I can save $100 - $200. S...
I have someone who has a house they would like to sell but unfortunately they dont have the money to make the fixes needed to get premium for it. My thought was could I get it under contract and then market it to be s...