For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...

Hi BP community -I am looking at an opportunity to purchase 6 small houses in a small community in northwest area of central Texas.  They are relatively inexpensive from 40k - 80k.  Would a portfolio loan be used to b...

Don't know what's the next step is. Any input will be greatly appreciated!
A little bit of background here:
In July of 2020, my previous tenant was financially affected by the pandemic and couldn't afford the rent. ...

Hello friends!
I recently lost my job due to COVID, and I had a work history with a good income for 4 years. Now that I decided to chase what I really want which is Rental Investment, I've come across this roadblock....

Hi, 
When should I expect an incoming tenant to pay their deposit? They signed the leased agreement over a week ago and their moving date is in 10 days. I have other prospects that I keep telling the property is alre...

Hey guys i need your help, my partners and I are planning on house hacking our first property. We are planning on using a 203 k loan, our lender told us we need about $50k , not including reserves ? I live in NY and w...

Can you do a sub2 with a short sale?

Pen Fed vs US Bank HELOC

Shopping for HELOC’s I feel I have narrowed my focus from many, to a couple of options.

With so many variables, I would love some feedback from people who have a HELOC.

Pen Fed currentl...

"Terms: 20 yr at 5% interest only with balloon at 7 yrs" Does this means that the loan itself is for 7 years & should be paid off within this time frame? Monthly interest only payment amount will be based on if it...

Thought I would try to kickstart this forum with a success story. A mortgage broker brought us a loan request last month for a refinance of two auto collision properties in which the existing mortgage balance was mor...