Alvaro Rodriguez
Primary Home loan
I bought a primary home/owner-occupied property. But two months later I am moving away and don't know what to do with the house. am I ok to rent it even if it is less than a year? Do I have to submit some kind of pape...
Mathew Wray
80% LTV non-owner occupied HELOC in Oregon?
Been looking to get a non-owner occupied HELOC and would love to find one (wouldn't we all) that will go to 80% LTV. I've been looking and it sounds like maybe PenFed has a similar product so I'm going to call them, b...
Hal Thompson
Buying property at foreclosure subject-to
i am considering buying a junior lien on a property at foreclosure auction. The bank has a senior first mortgage in the $260k range, and I would have to pay $15k minimum at auction to get the property.Per a real estat...
Reaz H.
LTV % of prior mortgages vs. new mortgages
I've been looking through previous threads with regards to "second mortgage" but haven't found exactly what I am seeking so I thought I'd start asking. I would like to learn more about how lenders view the following s...
Account Closed
inheriting a tenant with no written agreement - options?
Hi friends,I'm closing on a property soon where I'm inheriting a tenant who's been living there for over a year. There's no written agreement or lease; the tenant is paying about half of market rent currently (I thin...
Brandon Pierce
Doing the work yourself after insurance claim?
So a big hail storm just came through town and shred a large part of the ciy with tennis to baseball size hail and 70+ mph winds. This storm took out two windows, a couple of pickets, a window on the shed and hammered...
Anwer Shaikh
1031 Commercial Deal - Price Reduction or Escrow
I have a friend who is under contract on a commercial property and him and I were discussing his 1031 situation and I thought I would get an opinion from the experts in this forum. Property Purchase : $4.0M 1031 Excha...
Michael Frabotta
Purchasing with Cash vs Financing
Hi there!I'm looking to purchase my first rental single family home but would like some advice. Is it smart to finance the purchase and then hope when it comes to refinancing down the road rates will be lower? My stru...
Shvonne C.
Subject-to's and foreclosure
I want to see if the scenario in my head makes practical sense. I'm in Connecticut but any advice or feedback is appreciated.If someone is in the foreclosure process, could I purchase their home subject to the existin...
Fadil Khan
Interested in Rental Income
Interested in learning about investing in property for rental income, commercial property vs rental properties (section 8, traditional etc)