Brandon Lee
Subject To Financing - What happens to the loan portion already paid off by seller?
Hello, I've been watching a lot of Pace Morby videos and researching online, but can't seem to find the answer to this simple question. In a sub-to deal, you are assuming the remaining payments of an existing mortgage...
Bob Flynn
note investors: attorneys' fees
All you note investors out there, is any one aware of a state that allows attorneys fees or foreclosure costs to be not only added to the outstanding principal the borrower owes but also to accrue interest in their ow...
Renate Brison
Interest Only Mortgage For First Investment Property
Is it a good idea to use an interest only mortgage to finance a first time investment property?What are the pros and cons of an interest only mortgage?
Account Closed
Counting principal as a rental expense to estimate cash flow
Hi, I'm really interested in learning to analyze deals/properties for future investments. I've noticed in pretty much every analysis in videos and blogs, the person will deduct the entire mortgage payment (interest + ...
Brenda Sacchetto
Lender takes possession question ???
I have a fairly dumb question. When a house has been foreclosed and it say's,
"The lender has taken ownership of this property through a foreclosure auction for the amount of .." and the original loan on the ...
Felipe A.
HELOC on principal residence - great, but what happens if I move?
I am exploring opening a HELOC on my principal residence allowing me to make a nice down payment on properties down the road. However, if I move, I have to pay off the HELOC before satisfying the mortgage on the old ...
David Jonsson
loan is current
When will a lender accept a short sale if note is NOT in default? Otherwise, the seller can do a personal note on the difference? Appraised value is 283,000. Owed is 219,000. Offer will be around 190,000.
Daniel E.
Can you email a nonperforming (NPN) borrower?
Wanted to know if it is legal to email a borrower. I have the work / personal email (borrower is an unaffiliated realtor) and have not been able to get a hold of the borrower. Wanted to try email, just to get the dial...
Adam Leech
Pigtown, how would you go about it?
Hey guys,I'm fairly new to REI (one property rented to family, looking for another) and I want to get the hang of the analysis. I come from the financial field (used to trade stocks) so enjoy number crunching.I went b...
Kevin Burton
subject to ?
i have a lady wanting to sell her house that I is worth about $46k.
she said her principal is 56,816
and her payoff is 37,468
payments $555/mo
10.95% intrest
im confused on the princip...