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Here is the situation.... I currently have a HELOC out on a Condo that are variable interest only payments. I used this money for a down payment on a new house and upgrades on the condo. right now my interest only pay...
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me and my wife are looking to buy a house lease to own. The couple selling their house seem desperate and doing FSBO, they had me call a Realtor that's basically walking them thru it. When I talked to the Realtor, she...
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Hi everyone,I have 3 houses in Memphis and I'd like to bring down the payments on one of my houses quicker. Can I pay towards just principle as a separate payment or will it just count as an extra normal payment? I've...
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Hi Everyone!I started listening to BP some time last year and have learnt sooooo much from it. And after hearing Josh and Brandon talk about it all the time, finally decided to get onto this forum! So thanks once agai...
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Hi there,
I want to get start on my fist deal and I just got this lead from my friend. He is moving to oversea and want to sell his house fast. This house hasn't been on the market yet. He has just told me ye...
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CPA’s, accountants, and loan officers please chime in but obviously don’t provide anyone with tax advice, but does my logic make any sense?I was told once by a lender that debt service is not considered profit. For e...
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Hi, we own a condo in an upper middle class suburb of NYC and we are trying to decide if we should sell it or rent it out. We're around 40 y/o with 2 young kids and have lived here for the past 5 years. The building a...
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I'm wondering if it's possible to add principal payment only for IO loan.
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Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis. It's factored into the cash-on-cash return and increases it so it makes the returns look much better and the p...
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Hello,
I am studying for the CA Salesperson Exam. I saw on the DRE website that in order to be eligible, you must complete Real Estate Principles, Real Estate Practice, and one Additional Course. I am the enrolled in...