Aaron Frances
To Cash out for credit cards or not to cash out?
Hi Everyone, I converted my 2-flat apartment building into a legal 3-flat using a cashout. Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now. Property may conservatively appraise at $525k acco...
Kris Fox
Questions about a Deal with Agreement for Deed
This is an unusual situation, but I'll try to do my best describing it. I wasn't sure if it his question should go here or in Notes Forum.Seller and her husband sold on "Assignment for Deed" contract that is recorded ...
Aletha Brown
What’s my next step?
Good morning guys! I have a few questions about my next step(s) so I’m hoping I can get a little advice. I’m from Chicago and will be investing in the Chicago market. I am only interested in multi-family. I have an in...
Erin Schreiber
Duplex: refi or sell?
I have to either refinance or sell a duplex in the next 6 months as part of divorce proceedings. Currently, it is rented under market value, grossing $2700/mo total , with a monthly mortgage payment of $1561, and me p...
Toben B.
Lease option needs to be treated as purchase this year
I can find many articles on how to structure a lease option so it does not look like a disguised sale, however I want my lease option to be treated as a sale in the year 2012.
Background: My personal house is for s...
Nathan Thompson
Renting Out Rooms or Sell?
Hi, I bought a house with my ex and I'm trying to decide what to do with it now. We owe $244k, payments total to $1355 PITI + $270 HOA (includes water and all exterior maintenance, some insurance). I live right outs...
Riaz Lakhani
Lawyer Recommendation in OK and PA
About to close on a non-performing CFD from a private equity firm. Looking for a lawyer to guide us through eviction/ foreclosure in OK (Kay Country) and PA (West Newton). Any recommendation would be appreciated.
Jesse Lee
1 stage or 2 stage refinance?
I want to do a cash out refinance and was wondering if I should it it two stages. Goal is to pull out as much cash as possible to use towards next deal.-Credit score is around 625. It’s low due to high utilization (&...
Matt Williams
Converting POH to TOH - who is responsible for maintenance?
I'm aware of the advantages of having a park 100% or at least mostly tenant-owned homes.However, during the process of converting park-owned homes over to tenant-owned homes (using some form of Rent Credit format), wh...
Ken Rishel
Manufactured Home Lenders
Chattel Lenders – 2016The availability of chattel lending has a direct impact on the profitability and the stability of communities. What follows is as comprehensive a list as is available of outside chattel lenders w...