Brian Fosmore
Land contract on apartments, 5yr balloon, new to investing.
I'm currently managing a small apartment complex, and the owner has offered it to me for below market value on a land contract. Roughly $240K value, LC would be $200K with a 5yr balloon. Balance due in 5 years will be...
David McIntyre
lien or refi options pls?
Hello all!I'm an experienced investor that's emerging from a difficult period. Need input / ideas / comments on following pls.I have 2 SF rentals that I'm facing foreclosure on as I fell behind w/ the mortgage payment...
Forester Tesche
Improving a Property, taking out a HELOC, and then refi
Hi everyone! My buddy just scored a super awesome property that has the potential for some serious value add. it is a 3000 square-foot 2 bed 2.5 bath house they want to turn into a 3/3. To do everything they want is...
John Dombrowski
Will my credit score go up...
Will paying off ALL credit cards (about $30k) make my credit score go up? And if it does, how long does it usually take to show up?
Aaron Murphy
Buying multiple homes without destroying credit score
I am planning to buy between 4 and 6 properties using conventional investment financing 20-25 percent down fannie mae confirming loans over the next 12-15 months.
I just completed a refinance as a prelude to that an...
Sam Spade
high credit card debt looking to refinance my home
hi members I'm hoping that someone can help. I'm looking to refinance my mortgage but I have high credit card debt which is pulling down my credit score. I want to put the credit card debt into the new mortgage but I ...
Christopher Andrews
New investor Do I consolidate debt?
So I am new to investing and have been working hard on my credit. I have 2 judgements against me. I talked to both and one is willing to accept half. I am considering getting a personal loan and consolidating them tha...
Jesson George
Securing Financing for a 3-Unit Multiplex in Hartford, CT
I’m purchasing a fully renovated, vacant 3-unit multiplex in Hartford, CT, for $450K. The anticipated rent per unit is $1,700-$1,900, annual rent 68,400
I’ve been quoted a 7.125% rate on a 30-year fixed mortgage from...
Dy Choub
Capital gains taxes
Can anyone please give me an estimate of what would it be the taxes percentage that one would be paying if one bought a home for $400k and sold it back for $700k.
Markus March
FHA
I am currently residing in Mississippi an I am think about trying to get an FHA loan to purchase a single family home or an duplex for me to rehab as well as an renter property. The problem I am having is that my cre...