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Results (10000)
Kingsley Addo When Will you Say Interest Only Payments Makes Sense on a Rental?
12 December 2023 | 11 replies

I have property I procured with hard money which is approaching the due time for me to refinance into a conventional loan. I got a quote from a company we decided to move forward with. This will be a DSCR loan. Howeve...

David Capote Silent wrap-second mortgage-how easy is it to refinance?
10 January 2021 | 10 replies

silent wrap-second mortgage-how easy is it to refinance?
I have a seller offering me a silent wrap second mortgage. He says I'll get an affidavit of equitable interest at closing and my payments to him are escrowed a...

Mike Catanio financing for a newbie
24 September 2005 | 5 replies

hi all..this fourm is great!!!anyway here is my story...i am just starting out, i really want to be an investor.i have good credit and my friend is my mortgage lender.this would be my first real estate purchace.my que...

Daniel Rubenstein Hard money lender closed down?!?! Help!!
21 December 2015 | 5 replies

Hi,

I took a 12 month loan with a HML to fund my fix and flip. In addition to borrowing %80 of the purchase price, there was an additional 30k set aside for renovations in an escrow account. One month after closing ...

Edward Brewington Security National Mortgage
26 April 2021 | 7 replies

Has anyone worked with Security National Mortgage before? My escrow went up, so I prepaid the estimated taxes and insurance, but my overall monthly premium went up although I have a fix rate. They sent me a escrow ana...

Joel Hunt Hard money tax reporting
6 March 2024 | 6 replies

In 2022 I participated in a hard money loan and terms were for a year. I received a 1099nec in 2023 with the amount lended plus interest. How do I go about only reporting the interest earned instead of the entire amou...

Khemaro N. 34 Unit apartment complex
5 October 2017 | 19 replies

Ok my realtor sent me an email for a turnkey deal. it's a 34 unit apartment complex with management already in place. Strong well maintain community. The purchase price is $2,040,000 It was built in 1998, cap rate is ...

Christopher Penaflor Becoming Your Own Bank?
17 November 2023 | 19 replies

Hey Investors, If there was an opportunity to invest your money in let's say the S&P500, be able to take a loan from your own money while having that money you just took a loan from continue to grow with the S&amp...

Daniel Suarez Letting insurance lapse
27 March 2020 | 4 replies

Hey All,
I have a multi-plex that will auto renew next month. The insurance is not escrowed so the bank doesn't require me to have it. I was wondering are there any other drawbacks (asides from not having insurance ...

Neil Goodman Residential mortgage help?
24 March 2018 | 1 reply

My wife and I are looking to sell our single family home and downsize to a house with less sq ft., to be closer to where we work.In order to sell, I believe that we will need to take out a home equity loan (or line of...