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So, I have multiple Sub2 Properties, but I have noticed that later down the road the Seller (Mortgage Holder) wants to obtain a new loan to purchase another property and needs a letter or document showing that we are ...
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Hello my fellow New York investors. So I was watching the news today and Gov Cuomo is stating that if he wins re-election he wants to continue his Buffalo Billion initiative which will invest capital into Buffalo N...
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I have a general understanding what a property manager is but my questions revolve more around how much or how little can you hire them to do.
Can you still maintain some control over who they rent to and mai...
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Ok so I think I pretty much understand how to use my credit. For best results use only 10% of the credit limit every month and pay it off in full once I get my statement. I also have a credit building loan for 1k fro...
Would you lease it or sell it?We bought an amazing house in a lovely neighborhood last year, mostly owner-occupied. We soon discovered the small rental kitty-corner from us had a drug issue. Shortly, the opportunity...
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I am looking to put my house on the market and finding it hard to pay a realtor 6%. I am looking to see if anyone on here ever use ForSaleByOwner to sell their home.
I guess my main questions revolved around ...
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I am about to list my current home for sale. I am in contract on another property. I have about $50k to $60k in equity on the current property. I would like to roll half of that equity into the new property and use...
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So I'm a little confused regarding non performing 2nds. Most I've seen have combined LTV equaling negative or at a minimum 100% equity. Meaning there is no "real" equity protecting the 2nd position.
I've hear...
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So, my lender just indicated she could not issue a sellable mortgage with a seller carry-back involved...and further indicated that portfolio lending applies the same guidelines?...is this an institutional standard or...
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Hi everyone, Wanted to get some thought on who/where I might could do this. I've exhausted my loan options via unsecured and my bank has turned me down now. In fact 12 banks have turned me down. I've just finished ...