ow do/can I get financing?!?!? Recently I paid cash for a property using a $51K line of credit. So far, only minor repairs and needing new paint have to be completed. The property is 1 apartment within a quadplex. I r...
Hi all. As multifamily investors here in SoCal we've been recently inspired by episode 288 of the podcast to start looking around for better lending products in the area. The guests on that podcast had mentioned they'...
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Hello fellow landlords,Would you consider tenants with a bankruptcy? They do not have any criminal history and claim some unfortunate event caused the bankruptcy.Both husband and wife are employed and have excellent r...
My questions stem from velocity banking...1. I know there is a tax deduction for writing off the interest on an investment property is it dollar for dollar?2. Let’s say, an investment property has a mortgage and ...
Who do you guys use? Saw an add on this site once, but can't seem to find it now. It was under $5/month.
Few interesting situations with prospective tenants:We have a nice lady who is coming to see our rental property. However she is Canadian citizen and I wonder how would we do credit check for her? She is in a manageri...
Hello!
Thought some of our lending-savvy peeps here might have some insight on this.
I noticed on my mortgage statements that the mortgage is due on the 1st but isn't late until the 16th! That's a real...
I'm a landlord renting out a 2 bedroom condo. An adult son and father will be living in the unit. The adult son has requested that only his name be on the lease as his father will only be there part-time. In addition...
Ok put deposit down on house deal is excellent. I currently have 25% down to get a conventional loan but the problem is my credit score. Bank of America requires 680 as the middle number but right now my credit is 643...