Why would a bank or anyone take a second mortgage?  If things go bad wont the first lien holder  get everything?    The only thing I can think of is that the market value of the property hopefully  increases past the ...

Hello,I have a single family rental, the city will allow me to build a detached garage with an apartment above it and convert the property to a 2 family.  The property has a 250k mortgage (4% Apr). and is worth around...

Hi all,I’m working on buying my 3rd property but first as an investment property instead of an owner occupied. I wanted to know in addition to my down payment/closing costs will I be required to show three months of m...

Hi All, I have mortgage from WellsFargo tell me that even if I pay additional payment to principal won't decrease the mortgage payment. is this true? They said minimum payment to be adjusted has to be $20,000 and they...

Hello there Bigger Pockets community!Kasey Ryan here, I introduced myself a bit ago on the new member introductions forum. I've been doing more research, and have come to a point where I'd like some more exact numbers...

Hey BP Family,I am an investor in the Augusta, GA area with 1 property currently. I'm looking to purchase another property and have come across a Subject 2 opportunity to take over the remaining loan balance from a Wh...

If I do a subject-to for deed at closing, and insurance and taxes are included in the mortgage payment, does the owner cancel the insurance policy? And would this not affect the monthly payment?

I doubt the bank will...

Hi all,
Look for some advice. I’m active duty military and my parents have had a home here in Hawaii for 30 years.
They currently owe roughly $260k on it. And, it was appraised for over $650k. It’s a single family h...

Hi all - This is my first time posing here, and I'm hoping for some good insight.

I bought a SFH in June with an FHA loan at 2.75% APR. My payment is very manageable at $1,700/month. I've recently reached 20% equit...

Hey all,I have been looking for a nice lake front property for years, and I finally found it. However, it is unusual.The lot is beautiful .75 acres waterfront that has a nice creek that runs down the side. There used ...