Two years ago, I borrowed money from an investor which I used towards a down payment on a 20-unit apartment complex. Terms on the loan were:Amount: $100,000Rate: 8.0%Amortization: 25 yearsScheduled monthly payments ar...

I have a relative that is up in age and no longer able to afford the mortgage and are falling behind. They have a balloon payment for the principal due in 10 years. How do I help them stay in the house, while getting ...

I would like to know if I’m making the right decision by refinancing or should I just leave it the way it is. Any feedback or advice is helpfulClosing cost is around $5k + 650(Appraisal) = $5,650.Current situation:Ori...

just asking

I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly pa...

Hi all,I had a bookkeeping question for you buy-and-hold folks out there. This is probably a very basic question for the pros, but I'm  am just about to wrap up my first official year as a formal landlord, and wanted ...

I have had a 30 yr mortgage on a rental condo since March 2018. Here are some details before I continue: Original Principal: 84KRemaining principal: 62K Interest: 5.25%Monthly payment: $722 + whatever extra I pay on t...

So I am maxing out a HELOC on my primary residence to purchase my second investment property, an 8 unit. Here's my question: Should I take the interest only payments at %5? Or roughly double my monthly payment by maki...

Hello I had a question been looking at listings and FB groups. While reading alot of them backing down  loan and terms I see PITI but I am not sure what it stands for any help please?

Hey guys,
I have been looking everywhere for info on how a simple interest loan could be used as a supercharger on rental property cashflow by paying for literally ONE DAY OF SIMPLE INTEREST PER MONTH IN TX.
A coupl...