Ken T.
First real estate deal as a lender
Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
Charity Hanif
Rent to Retirement - Zach
Hello Forum . . . I've done a bit of looking around here for reviews of Rent to Retirement - a turnkey company. http://renttoretirement.com/.Anyone have recent experience? I'm considering my first investment with a ...
Minna Reid
Dumb question about carrying the second
Ok - I just dont get it...If a seller carries the second, does that mean he is actually taking out a mortgage for like 20% so that you pay only 80? Or that he's cashing out 20% and giving it to you, or what?
Is it som...
J.M. M.
Home Equity Line of Credit (HELOC) issues...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...
Steven Atkins
New builds in the suburbs
Morning BP'ersFirst post here. I've been patiently saving and researching for about 6 months and I'm getting a little "analysis paralysis". I grew up and currently reside in Dallas proper and work in McKinney and it s...
Shawn Mcenteer
Removing PMI
Does anyone have any helpful tips for removing or reducing PMI on an existing mortgage? The house I currently live in has a monthly mortgage payment of $1950, $300 of which is PMI. My wife and I have lived here fo...
Hal Cranmer
New Property, Bad Tenants
I just closed on a short-saled triplex, that is full of tenants. Sounds good at first. However, at the closing, the previous owner said that there is one tenant that only paid half the rent for January and has not p...
Kathy Armstrong
Trying to Buy House in Foreclosure with HUGE HOA Lien
Has anyone had any luck negotiating with an HOA to reduce delinquent dues so a house can be purchased and saved from foreclosure? The HOA is in a junior lien position so they will get nothing if the house goes to ...
Tami R.
Stock... what's hot for you guys
I am throwing some $ into the market (not much) but just curious on what you guys are buying right now.
I am only throwing $500 in an AmeriTrade account - just wanting to know suggestions.
I thought about going off th...
Christopher D.
Lease Sandwich, no option
I'm considering doing Lease Sandwiches, without the Option contract, and would like to hear some pros/cons from anyone who's done it before.My reasoning:1. Hot market, competitive area. No reason for a seller to sign...