Jon Jonhson
pay off cards or take heloc
Hi , I was wondering what everyone would suggest in this situation;I have 3 credit cards with significant debt1- am ex with 14,823 at 20.99% =259/mo interest 2-am ex with 9,220 at 15.99%= 122.85/mo interest3- visa wit...
Chris Duffy
LTV % on Re-fi's/HELOCs
Has anyone heard of any banks going higher than 80% LTV on a cash-out refi or HELOC? Particularly in Florida and more specifically West Florida but would be willing to talk to any national lender. I found most banks w...
Sam Abe
Leasing Company not disclosing information
Hi! We hired a company to rent our place only for leasing and we will manage once it is rented. They are not disclosing information needed to approve the tenant. For example they are just saying the credit score is ab...
Mario Morales
I'm at a crossroads: should I refinance now or persevere and pay down another $40,000
Here's my situation: I accumulated credit card debt to finance my last property rehab, which is now rented and generating income. However, I'm burdened with credit card debt, a HELOC, and a personal loan. Despite hold...
Kyle Paczesny
Tenant screening with PMC
Just closed on a duplex and have a property management in place.The duplex has been repaired and rent ready.Quick question on my place being the owner, can I ask my PM for the information on the prospective tenants? C...
George Damianeas
Cozy’s ‘F’ Rating with BBB
Hi All - I recently came across Cozy and signed up but my tenants didn’t feel comfortable providing their bank information given they have an ‘F’ rating on BBB site (https://www.bbb.org/us/or/port...).
Has anyone ha...
Wesley Robinson
Beginning Phase of Wholesaling
Greetings everyone, my name is Wesley Robinson. Graduated from UNO in Marketing/Business and I'm looking to establish myself in the real estate realm. I plan on starting with wholesaling to get some available capital ...
Matt B.
What Kind of Note Terms Are Note Buyers Looking For?
We are considering offering seller financing on some of our rehabs, as the market cools. How could we structure a note that is attractive to sell quickly and for the least amount of discount and little seasoning? What...
George P.
When you know the person won't qualify but...
When you know the person won't qualify based on what they told you (credit) and you explain the application/prescreening process explaining this will be an issue, but they want to go ahead and submit an application an...
Account Closed
I/O (Interest Only) Mortgages, Good or Bad?
Very Good financing tools! As a Mortgage Broker, when you hear someone say I/O (Interest Only) mortgages are bad, the very first thing you think is that you're talking to someone who doesn't know squat! ...."Oh, we h...