Lisa Moon
Is this the new "normal"? Incredibly onerous underwriting for a rental...
I was a mortgage loan officer and an escrow officer 20-odd years ago, before the landscape shifted. I know the drill about proper documentation, etc. But the process I"m in now seems just ridiculous.Hubby and I are ...
Jamie H.
Texas Foreclosure Sale and 2nd Lien
Hi,I'm trying to get a good grip on buying foreclosures from the courthouse steps in Texas when the property has a 2nd lien. For example, the sale mentions the first lien, the primary, from the main bank foreclosing....
Bradley Rieger
How to finance small Multifamily property
Hi, I've been sending out direct mail Looking to purchase a property under 10 units. I got an answer and have been communicating with the owner of a 6 unit building. I’ve been doing my research, but what are my option...
Linda M.
tax deduction for for items brought separately from renovation
I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...
Jake Zimmerman
Pay off mortgage or rent
My wife and I purchased a single family 3BR 2 bath home for 75,000 in the Midwest at 4.75%. We can pay it off in 2 yrs or rent out @850month. Why not pay it off? I get that we have more dumped in but to pay it off in...
Florina Villarde
Made an offer on a property and it was rejected
Hello,I wanted to ask for everyone's input in this situation: we made an offer on a bank-owned property and it was rejected. The offer wasn't super low and the property has been on the market for a while. Our thought ...
Paul Kit
seller financing with balloon payment. help!
please bear with my stupid question. I am learning.Seller offer seller financing with 15-20 years amortization and 10 years balloon. Is it better than a fixed 15-20 years term?What should I concern?
David Corrales
Business or Personal Checking Account?
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Paul Haskell
Getting Married - I already own house 100%, no mortgage
I need advice. I just got divorced and own my house, flat out, 100% with no mortgage. I'm debt free. Per my divorce decree and local law, I cannot live with anyone (called "cohabitation") with my 5 year old daughte...
Carson E.
Enforcing HOA Dues
I am in a predicament here and would love to get some input on what other people think or have experienced in the past. We bought one foreclosed condo in a four-unit condo that is set up with an HOA, located in Laram...