Good evening. Seeking experienced opinions on the pros and cons of my investment strategy. My 1st property I plan to buy and rehab all cash then rent it. once that's done I plan to take out a home equity loan on the p...
across the 3 properties i own/co-own, we have 15 tenants right now (+2 vacant units). of those 15 tenants, a handful have had to pay late over the last month. i know a lot of investors and property managers who would'...
I am considering doing a creative financing agreement whereby I will sell my home to a buyer with a $20k non-refundable purchase option. He would pay my mortgage payment and assume all responsibility for home mainten...
Is a short sale directly with a lender required on a property with a reverse mortgage? HUD website says that the heirs of the property with a reverse mortgage can sell at fair market value even with negative equity an...
I have 1 entity that owns 2 mobile home parks in Ohio. There is an existing loan for both parks. I am in the process of refinancing one of the parks which will pay off the debt of that one park and I will have access ...
I'm wanting to put an offer in on an on-frame modular in North Carolina. The owner has missed mortgage payments for about 3 mos. If I move fast, shorten due diligence and pay cash to close in say 3 weeks, can the bank...
As the title says, I'm struggling to refinance while pulling money out from my equity. The two main issues I am having are that 1) banks are not doing cash out on loans that they do not own and 2) the amount of money ...
My son contacted me regarding the standard rental application he received which asked for the usual information but also requested his bank account number, institution, and balance, credit card account number, balance...
Im purchasing a home and put 10%. So the house I bought is 440k. I put in 44k. Mortgage is 396K. The bank did the appraisal at 480K. making the balance to be 396/480 = 82.5%. So if I just pay additional 12k to get it ...
I have a single family rental property that I have owned for approx 6 years. I purchased the property with a family member's LOC and it was purchased in my personal name. Shortly after, I had a partner come in with me...