So, I have multiple Sub2 Properties, but I have noticed that later down the road the Seller (Mortgage Holder) wants to obtain a new loan to purchase another property and needs a letter or document showing that we are ...
I'm confused by the last sentence of this example in my real estate course. "A builder would rather make an additional cash payment to the lender than reduce the price on a home in a new development."Why would the bu...
Hello,I am looking for input on the best way to finance my next rental property. I currently own 2 rentals; one with 20% down ($45k) and the other with 25% down ($50k)...both properties have a conventional mortgage fo...
what is the best type of loan to use for a buy & hold property. I plan to use the home for a couple of yrs as a primary residence but would like to have a good amount of equity at the end of the couple yrs without...
I was thinking about owner financing a property to a buyer and I need some help please to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315...
Hi BP community, I have some questions about the FHA Loan Mortgage Insurance premium, and other relative cost when using this house hacking method. I plan on buying either a Multi-family/Single-family home to make my ...
I am currently refinancing my apartment building. I thought I read somewhere that, depending on the day you close, you could potentially skip two months of payments instead of the typical one month payments… Is this t...
Background: house is in a decent neighborhood outside Cleveland, OH. Purchased for $9k and seller put in $50k of renovations.
Buyer to pay $4000 toward commission at lease signing and seller to pay remaining commiss...
I'm a new landlord and am just about to secure my first tenants. I was asking 897 per month rent and they have requested to pay 850. I am using a propery management firm to find tenants because I am not local. Orig...
Okay, so I know much of the advice out there says to leverage your primary home to increase your capital for buying properties. I'm considering going a different direction and paying off our primary home to increase c...