Hi, I have a few properties that I am owner-financing through a Bond for Deed (Contract for Deed). I would like to borrow or get a line of credit against one of these properties. They have no loans, liens, etc. agains...
I am thinking of selling one of my rental properties to the current tenant through wrap around mortgage. He has a really good income but bad credit score. If we do a wrap around mortgage, is there a way to report his ...
I am trying to decide if I should pay double on my monthly mortgage amount on my residence to pay off my mortgage in 7-10 years OR put that additional money into a savings account to save up for a down payment on my f...
I'm interested in purchasing commercial real estate for investing purposes. But would the bank allow me to borrow the down payment on big apartment deals? (80+ units)
Theoretical scenario: If I can get 180,000 out of my house for a cash-out refinance to purchase another property, should I pay cash in full for the 2nd property and have the cash-out refi on my primary residence? ORSh...
Hi all,
Would I still need to provide a down payment on a mortgage if the loan is valued far below market value on the house in question? I have the opportunity to purchase a property for $160,000 through someone I ...
I have done a lot of research and I have not seen an answer to this question. I see a lot of talk about partnerships but not about how the loan works. So my question is, if I have a partner that wants to provide the...
Hi All,I am looking at purchasing my third rental property in Michigan and have an investor who will put up the down payment. The purchase price is $350,000 and the investor will put in $70,000. He will take 20% of NO...
Finally landed my first subject to deal, but I need some help in getting it done. Scenario is as follows:Contract to puchase property will be at current mortgage balanceSeller is willing for me to assume his mortgage...
As investors we are usually looking for one of two things, sometimes both. 1. Cash flow or 2. Appreciation and if you can get both, that's a bonus. Keep in mind that Flips require appreciation to be profitable and are...