Tan Mehedi
Is seller ( owner ) financing is ILLEGAL with existing mortgage ?
Hey community, Is owner financing is illegal with a existing mortgage ? Example , if a house worth say $200k and seller has mortgage balance remaining for $50k . is it illegal to sell that property with seller financi...
Alex Shaughnessy
Do property taxes raise on existing mortgage every year?
I bought a primary 8/2017. I was under the impression w/ a fixed mortgage your payment would stay the same. I got a letter from my lender saying its going up because of the escrow account. All I can think of is the ta...
Jose Galvan
Investing in rental property while having an existing mortgage?
I’m looking into investing in my first rental property within the next year or so. Currently have about 15k saved. My DTI Ratio is about 30%. And I’m working on getting my Credit Score higher. Made some mistakes in th...
Tyler Cruz
Low income: Pay off existing mortgage, or purchase another?
Hello,
5 years ago I purchased my first income property (separate from personal residence). 1-2 years after purchasing it, my business crashed and I stopped earning income - I only make a miniscule amount right now, ...
Ralphy Rosado
how to subject to existing mortgage in brooklyn ny
Hello everyone, I'm interested in doing my first (subject to existing mortgage) and also first flip in Brooklyn NY on multi family building that i will like to keep as rental properties and do the burr any tips. I hav...
Adam Heseltine
FHA Loan - can I qualify w/ an existing mortgage?
If I already have an existing mortgage am I able to use an FHA Loan for a SFH investment property (flip or buy and hold) ?
Jeff Byrne
Can you turn an existing mortgage into an LLC?
Hi All!My name is Jeff Byrne and I’m from New Albany, IN. First time poster, haven’t even gotten started with our plan. My family wants to start in the RE game by renting our own home after making some upgrades to the...
Lorenn V.
Is a Land Trust useful when a mortgage exist?
Hello,I'm buying my first property (single family home) that I'm going to live in, but it's going to be my window to realty investing. Since the house it's going to have a conventional 30-year loan under my name tied ...
Joseph Matarazzo
Can You Get A HELOC On An Existing Mortgage?
Hello BP Community,I have a three family multifamily property in New Jersey. I bought it in 2019, lived in it for two years, refinanced it in 2021, and since then I have moved out and it is fully rented as an investme...
Glenn P.
Buy now, pay down existing mortgages, or just wait?
Wondering what the best strategy is here. I have 9 units (Quad and 5 SFR's all on 15 yr mortgages), everything is going really well, things are cashflowing quite nicely (Bought when the market was down).Right now, th...