First of all, I want to mention how great this site is. I just spent the last 4hours reading posts.

Now here's my problem... I bought a studio in 2006 with 0 down for $250k and put in roughly $20k to fix up the place...

What Would You Do If Your Tenant Lost Their Job and Won't Leave?

Can any lenders who do conventional lending tell me how wide a snapshot you’d take of my debt obligations when calculating DTI? Like, does the short-term debt service I have now really hamper my borrowing capability f...

I'd like to setup a HELOC on my house and purchase another multi-family.1. Once the HELOC is setup, do I need to draw the funds into my bank account (for the down payment), or can it stay as credit until I purchase th...

I have a duplex under contract that I plan to move into, preferably FHA (immediate occupancy) or Conventional (60 days). Current tenants lease is good to Aug 31st, closing 06/15 which can be pushed back to end of June...

I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.Here is what I learnednonbank s...

We have a motivated seller who is willing to do a Subject To deal - amazing. The problem is that he wants 12K cash to settle a lien, placed by a bank, on a separate property that he lost to foreclosure.  The seller wi...

I indicated my intent to be candidate for the Board of Directors and submitted the paperwork to the Nominating Committee. When I received the election packet in the mail with the proxy and bios of the candidates, I...

Hello everyone!I am new to this, and the extent of my experience is minimal. I have done a ton of research in the last month or so, but I am now moving forward in search of a property to fix and flip. I know the key t...

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $116,000

Cash invested: $2,000

I was able to acquire this property through another 'Deed in Lieu' (Subject To) deal. ...