Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
Julian Boardman
Help with setting price for Rental property in nice Atlanta area
Good morning to all! New to BP and appreciate all the content. We are looking to sell our great rental property (see why further below) as we want the capital out to do other larger deals. Otherwise, the cash flow is...
Mario Morales
Not sure how to interpret this-Schedule E - Is this good or ok ?
I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...
Tucker Cummings
Buying Several Properties on a Single Loan
I traditionally only buy SFR homes that have at least 3 beds and 2 baths. With the housing market continuing to tighten, I'm wondering if I should open my parameters a bit. I usually stay away from a 2 bed, 1-2 bath h...
Nick Zocher
Do Back Payments Matter To Mortgage Balance Bottom Line?
Extremely newbie question, but I'd love clarification.I was speaking to a lead today who's bank statement said they had a remaining mortgage balance of around $500,000. The statement also highlighted that they had $60...
Nigel Johnson
Reverse Mortgage: Subject To
A lady called me with a nice house in a nice neighborhood that she wants to sell for what she owes which is $108k, and it is worth $150k. It needs no repairs, since her son is one of my best contractors who told her t...
Samuel Eddinger
Modelling inflation and rising interest rates on affordability
I have heard many people say that inflation in our housing market will lead to higher interest rates which will ultimately lead to an affordability crisis and a significant drop in housing prices. I have not seen any...
Eric Thomson
How to report sale of rental property I lived in 2 of previous 5 years in TurboTax
I am filing my taxes using TurboTax Home & Business and I'm filing later than normal specifically because of this issue that the TurboTax hotline has been unable to help with. This is probably the last year I try ...
Ricky Ostrom
"Subject To" Questoin on Amount Owed
In a subject to deal....
When you say amount still owed on the property, is that the total of monthly payments still owed, or what the current pay-off statement says?
Jacky Johnson
Should I refinance my rental property?
I have a rental property that still has a 22 year mortgage (originally 30-year) at fixed interest rate of 3.125% with monthly payment of $1750. I have encountered an opportunity to refinance at 15-year fixed loan of 2...