Sam Dal
Suiing the seller
FolksMy seller isn't acting in good faith on this SFM property in a NYC borough I'm trying to buy. There is a provision in the title where she can cancel contract if it's over $500 and it's about $5000 but I've agreed...
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Help Researching/Comparing Housing Markets?
First timer, looking for a duplex in the NW. I have a program to run numbers but i have questions on as to identifying a good location. I Found a website www.homegain.com there you can look at Demographic and Housing ...
Lauren Daly
Can I remove PMI from my loan with new appraisal?
We bought our home for $150k last year and put about $40K in renovations in and overhauled the entire home. The house is about 1,800 sq ft. Brand new homes in the area sell for up to $150/sqft but renovated homes sell...
James Park
Lender says that I cannot represent myself as an agent for an investment property
When i acquired my 4th mortgage on my investment property last year November, there was no issue of representing myself as a buyer and agent. Suntrust allowed me to roll my entire commission into closing costs, and wa...
Dan N.
Bank calling a loan due if I transfer to LLC and if interest rates rise
Today in episode 777, David said something very interesting (and frightening) about transferring a property that has a mortgage to an LLC.He said that if interest rates rise, banks can use certain clauses in the mortg...
Kyle A. Isaacs
Why do Active Duty service members make a Class-A tenant?
As a former Active Duty Army Officer, I had the opportunity to invest in properties throughout the southeast since 2008. After reflection, there is one highlight that sticks out since that timeframe, my properties ha...
Michael Johnson
My take on Interest-only loans...
First a simple question.. Is it true that Interest-only loans are only Commercially backed and more than 750k?Is Seller-financing the only other way? My perspective is that an Interest only loan would be among the bes...
Jean Norton
Armando Montelongo Faces Civil RICO Law Suit
Armando Montelongo Faces Civil RICO Law Suit under the federal Racketeering Influenced and Corrupt Organizations Act ("RICO") on behalf of 164 former students of "Flip This House" star Armando Montelongo and his compa...
Mike Bicho
15, 20 or 30 year mortgage for analysis?
Is the common practice to only analyze a deal financing over 30yr amortization or is it also common to use 20 or 15yr?
Denis Vaughan
House hacking refi strategy
Hi all,
I'm pretty new to RE investing and BP but have a question about refinancing. I bought a 3 family, put 10% down and would love to refi in about 2 years. I am forcing appreciation by some light renovations (kit...