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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 ...
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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...
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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...
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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...
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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...
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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 ...
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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...
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I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
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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...
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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...