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Newbie here looking to structure first rental.Scenario: I owe 229k on my personal residence house. It is currently valued at 390k. The 70% LTV would be 273k. It needs 10k of work. I have another house I would lik...
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I have an executor who would prefer to sell to me rather than pay for listing. The reverse is about 100K over market value in current condition. He wants to be able to pay off the grandchildren named in the will to...
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Hi,I'm 26 and do not currently work. However, my father, 85, receives a decent government pension of around $50k a year. Together, we have a large amount of cash that we'd like to invest in rental properties, but I sp...
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Hello there!
New to BiggerPockets!
We are looking to invest soon for the first time into a multifamily property in Maryland. We plan to live in one unit and rent the other two. We have a mortgage on our current hom...
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Seeking guidance. The opportunity is this:
Turn key rental property with ARV 145K. 4 bed/2bath 1575 sq ft, 5613 sq ft lot with 3 car driveway. current mortgage is 103,556.44. Monthly note is 988 and covers mortga...
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I'm wanting to seller finance my property subject to my existing mortgage in OK. I'm not familiar with OK law and what I can and can't do nor am I familiar with owner finance law, though very experienced in other are...
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Thanks in Advance To ensure that my debt is paid by the person I lend the money to buy a house is super guaranteed which is the best and or both
Quitclaim Deed? or Promissory note ?
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Hello BP and thanks in advance for any help you can provide.I may have the opportunity to take control of a SFR property in Detroit using a lease agreement. The owner is highly motivated to not deal with the property;...
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I'm currently studying "subject to" financing. I understand that as the buyer, the benefit is taking over the seller's mortgage payments which may be more favorable thank taking on a PITI in the current market.What I ...
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I checked out this national rehab lender that requires you to close under an LLC. I also went to the bank to see what I would qualify for with a conventional loan. They said that I can not refi or buy with an LLC na...