if i owner finance a property with a wrap mortgage and keep my original mortgage. the title will be transfered into the 'financed' buyer's name upon recording of the documents. this leaves in essense two mortgagees, m...
First time investing in property and have a few questions - Buying townhouse in North Carolina with intention to rent out. My bank does not give mortgage loans through LLC, so rather than getting another bank to do co...
Hey guys,I'm in the process of closing on my second duplex and I honestly don't understand insurance as much as I'd like to. My situation: I'm closing on the property under my mom's and my name and then transferring t...
I had a question for anyone who has done Subject To deals or is fairly knowledgeable on them. Once you take the title and pay on the existing mortgage, how would you go about changing any escrow terms?
Specificall...
Hi All!I have a home which I bought three years ago as a rental. I got a bank financing on it. I'm looking to owner finance it out on a wrap. My question is, do the buyers have to have their own insurance policy or do...
What are your recommendations on paying off small multi family unit (4 units) early? All 4 are currently rented.
Rent - $6,700
Payment - $4894
Note is $680,000 at 7% over 25 years
Would you suggest trying to shav...
I am looking to looking to cash-out re-finance my current mortgage. I looked into mortgages and they are anywhere from 70-75% LTV. I was told by a local bank that they can do a Home Equity Loan (HEL) at LTV 80% and th...
Hi,I am a still a small time investor and still work my W2 while I try to build a portfolio. I am currently running into an issue with some lenders which prevents me from acquiring financing. I own an investment prope...
Quick question to those who are in the rental field:
When you are doing a loan buy down (paying extra on the monthly mortgage), how much extra do you recommend to put towards it?
Is there a rule of thumb for this?
Hello everyone,We have all one end goal in mind and that is to create wealth for ourselves and our families. Now that you have found a property that cashflows and you are seeking to build your small real estate empir...