Brooks Rembert
Disagreement Between Husband and Wife on Loan Length
My wife and I are under contract to purchase our first "on purpose" rental property. We have a rental property in Northern Virginia, but that was due to a transfer and we chose not to sell in 2010 when things were sti...
Dylan Burnett
What's the best mortgage length you all do?
A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
Phillip Witt
Advice "non-arms length" house for under market value
I am looking for advice on purchasing a house in which my aunt has gained ownership most likely through quit claim deed from my grandparents 10 years ago. My grandparents had owned it since sometime in the 1950's. I g...
Raul Otano
Average length until a pre foreclosure goes into foreclosure?
Hello bpDoes anyone know the average length of time it takes for a pre foreclosure house to go into foreclosure? I'm in deltona fl if that can help answer my question. I've heard it takes 4 months for a house to go fr...
Nicholas Weckstein
worried about financing / getting a loan and job length
hello everyone from BP.i am about to fill out my mortgage application for a multi family rental property. credit is tier 1 my co applicant's credit is tier 1. between the both of us we have 25% or more for a down paym...
Rick Bassett
Length of Lease Option Contract - 5/7/10 years?
It appears that 2-3 years are the typical length of Lease Option Contracts but that does seem too short if you are really hoping that the tenant/future buyer will really repair their credit in time to exercise their p...
Jay Gray
Identity of Interest transactions (aka Non-Arms length transactions)
(Current as of ~2003.... I'm searching for any updates to this & will post what I find)
For reference, in regards to FHA loans purchasing property from relatives or other similar situations...
Non-Arms Length Tr...
Patrick Mcclellan
Length of lease for lease options-need replys please
I am trying to learn the basics of this process because I'm thinking seriously of making this my niche for my area. After I find seller, when finding buyer I sell them on the benefits of leasing the particular h...
Diego Maramba
DC/MD: Length of Seasoning Period Prior to Refinancing
I am planning to use conventional financing with 20% down to purchase my first rental property. Plan is to allocate 1-3 months for rehab, rent, then refinance. Standard BRRRR. Assuming I did my research/math right and...
Dimitry Moltoff
Non-Arm's Length Transaction and Clouded Title in Default
My parents received a notice of default (NOD) on their mortgage several years ago and then filed for bankruptcy which cleared several judgement liens from the house, leaving only the secured mortgage loans. After ban...