Manrup Sandhu
Owner deceased, 30k in missing mortgage payments...
Hey all,I found my first opportunity. It's a vacant single family home in a great area. Problem is, the owner is deceased and there is a 140k mortgage balance with 30k in missing mortgage payments. When the owner pass...
Anthony Fecarotta
Low Down Payment Mortgage Options (Second Property)
Hello,I currently own a property I purchased with 3% down via Home Possible. I want to purchase a second property and I can afford a 5% down payment. Without using Home Possible again, which other programs are availab...
Gal Alberman
How to calculate a mortgage pre-payment
Hi all,I want to submit an offer to a landlord, and trying to make a rough estimation on how much does he still owes on the house. we currently have no mortgage statement in hand. I do have this info:mortgage is from ...
Francesca S.
Overarching Strategy: 100% Equity / accelerated mortgage payment
Hey all,I was reading Millionaire Real Estate Investor, and stumbled onto a story of a couple who aggressively paid off their properties. They would buy a single property at a time, use a 30 year loan, and pay it off ...
Bryce Cutler
Best options for automating private mortgage payments
I have been using Dwolla as my website to pay my private mortgage investors and they are changing their platform and I am no longer going to be able to use them. I am looking for suggestions to other options to automa...
Shahil Keshav
Additional payments on your rental property mortgage
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Art Maydan
Mortgage Payment Suspension Credit Impact (Wells Fargo)
I have two mortgages with Wells Fargo - one personal residence and one rental property. I can afford to keep making both payments for the foreseeable future. Does taking them up on the 3-month payment suspension make ...
Wayne Bodley
New mortgage company raised my payment amount!?!
Hi all, recently several of my mortgages were purchased by Freedom Mortgage. I realized today that somehow the payment amount on at least one of them was increased by about $50, creating a late payment fee. I'm in the...
Account Closed
Lending Options on Guaranteed Mortgage Payment Loan
During the process of shopping for a piece of rural property to build our new home, we came across the government's CRP (Conservation Reserve Program), which basically pays you "X" number of dollars per month, per acr...
Turner Monroe
Tax on mortgage interest payments using BRRR
I love the idea of the BRRR strategy, but there's one thing I can't figure out. Don't you lose the ability to tax deduct interest payments on the mortgage after the "Refinace" part of the strategy. Since the loan wasn...