My lender states I need to show rental income on my taxes before I can refinance my investment property. Since I purchased it in December it won't show until next year. How do I get around this? I hear investors say ...
Hello Friends! I have a situation that could potentially be a good deal but I am not sure how to proceed. Any ideas will be much appreciated. So I am thinking about WHOLESALING (this will be assignable option) a prope...
Hello everyone, I started my research into Real Estate investing almost 2 years ago. I decided I wanted to go the rental route. I am 18 and I work prevailing wage job. I make good money and I have enough money saved u...
I have a house in TX that I own subject to. I'm looking at possibly re-selling it. Are there any restrictions on re-selling it also as a subject to to a new purchaser?
When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage. The buyer agrees to pay the seller in monthly ...
I have a property under contract for $300k. I will be assuming the mortgage of around 274k, and the rest will be under a contract for deed. The title company doesn't seem to be as familiar with these types of transact...
My buddy just put a house under contract and I think he really messed up, I don't want to tell him to get out of the contract though unless I know for sure.Details on the house:Market value: $68,990Under contract for:...
Are there any investers on this forum specialize in subject to properties. If so how much business are you getting in your market, and what is the hardest thing for you acquiring these properties. :groovy:
Hi everyone, my first post on this forum. I'm hoping that someone here can offer some advice on a rather uncommon situation.I'm an Aussie passport holder with a non-immigrant b1/b2 US visa, so in simple terms I'm a fo...
I'm trying to work a deal for a 4-plex in which I take a little bit of cash back at closing, or at least have financing cover all closing costs and prepaids. Purchase price is $140k, existing mortgage is about $50k. C...