Brian Davis
Finance term question
Hello BP. Is talking with a potential lender and I suspect a scam because the numbers just don't add up.I was provided this information:Loan Balance: $250,000.00Loan Interest Rate: 5.00%Loan Term: 25yearsNumbers of...
AJ Wong
What is an Assumable Mortgage? How they work & ways to close with a portable loan
Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
AJ Wong
How and where investors can find a seller carried creative financing transaction
One tool I've utilized extensively for personal and client acquisitions are seller carried transactions.
Oregon has proven fertile land for sellers with low capital base and reasons to consider seller carried financ...
Ludmila M.
Home Depot (Credit) Cards - which one??
Hi all,I am confused with all the options Home Depot offers. As a disclaimer, I did read through past posts on this same topic, and still not sure what I should sign up for. What would you recommend for a rehabber? ...
Taliah Brown
FHA GUIDELINES
Hi all!I'm new to BP and have throughly enjoyed reading the various forums. I've learned a lot so far and I am excited to learn even more! I do have a question concerning the FHA guideline changes that will be occurri...
John Anderson
Commercial loans vs residential
Hi all,
I have been investing in a couple of duplexes and single-family homes for the past two years and I would like to look into buying a small apartment complex. I was thinking about something between 6-10 units.
...
Mark G Bozich
First unit HELOC, buying second and want to roll together
I purchased the condo in October for $180,000, all cash via HELOC, now we are buying a second unit in the same building for $209,00 and want to roll both together into one loan. Neither required any rehab. These are d...
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Gil Ganz
Large legal balance in non judicial states
HeyI have been seeing something that seems weird to me, I see assets in tapes i get that are from a non judicial state, one that is also quite a quick foreclosure one, having a large legal balance on top of the UPB.Fo...
Chuck Hupert
Reverse Mortgage on Property?
Hi everyone! I am in contact with a friend whose deceased uncle owned a property that has a reverse mortgage from 2009 for $258,000. I'm trying to find out if this deal is even worth spending time on. Is anyone famili...