Steve Skaw
Is it okay to buy a first-time house as primary house, but end up not living in it?
I'm planning to buy a house as a first-time home buyer, but I have no plans to live in it. I will be renting the rooms out.
Everything will be under the assumption that the house is my primary house (loan, ...
Travelle Mason
Off Market Property Found...NOW WHAT?!?!?
I recently got in contact with the owner of a duplex that I've had my eye on for a year or so now. He's interested in hearing my offer, however, to date the few properties I have acquired have been on MLS with an agen...
Marcos Torres
Contractor Nightmare - New Jersey
Hello All,I need some advice or guidance. I’m currently on the process of a rehab on a duplex. I hired a contractor who told me he would be able to finish the job in 2 months. I awarded him the $57,000 contract and wo...
Nick Reaves
Roth IRA - pulling funds to use for down payment on owner financed deal. Looking for insight on this topic
So when I came across self directed IRAs it really intrigued me. I have a little bit of money in my IRA, but no real savings, and poor credit limiting my ability to get into the game without clearing that up a bit. I...
Jerry Tilley
Are there other loan products out there that are asset based besides DSCR?
I'm looking at purchasing a rental in North Carolina, I have Excellent credit (800+) and money for the down payment.. BUT!!! Im self employed and my debt to income doesn't look good on paper. I got pre approved for DS...
Matthew Bailey
Investor Friendly Banking Option in the Bay Area
Hello, I am a land investor and I'm looking to employ the "Profit First" strategy to help me manage my financials. If you're not familiar it basically recommends that you have a bunch of bank accounts (income, profit...
Byron Bohlsen
Which Loan terms would you choose and why
If given the choice between two loans, which would you choose and why? 1.1M loan amount
7 year term, 25 year am, 3.49 percent interest10 year term, 25 year am, 3.65 percent interest
Quang Dao
Refinancing seller financing with conventional lenders
Currently we have seller financing for a small 13 unit mobile park in Arizona. It is a 7 year loan amortized over 20 years. Right now we 1.5 yrs into the loan.My question is: With how rates have been these days, we wa...
Jon Mizuno
Underwater property 100% occupancy, loan modification pending
HI All, I have a 'single family' property in Hawaii that has been underwater for 5 years as Ive been applying for a loan modification since then, with no success so far (Ive reapplied multiple times). It's fully rent...
Brandon Ely
Advice on Accessing Equity in Mixed-Use
I am looking for advice on how to access potential equity in a small mixed-use building for future investment. I purchased the building for $1.75M with 30% down with a commercial 1/5, 30 year am loan with a traditiona...