Austin Hughes
Need Opinions - Financing Our First Investment Property
My wife and I are looking to purchase our first investment property. We are primarily looking in eastern TN, but have looked in NC and SC as well. However, our current roadblock is that we are a little short on funds ...
Antonio H.
Who will fund Cash-out Refinance? See details
Are there any additional options on lenders that will approve and qualify a refinance on a property I just acquired less than 180 days ago(two weeks ago to be exact)? I just acquired a property w/no mortgage, & wa...
Crystal Lee
Options for home purchase
I am currently renting a single family home in Texas that will be up for sale in approx 4 months. I do not qualify for a loan alone for the house based on my income but have a sister willing to partner with me to purc...
David Kanter
How to structure help from relative for down payment
I'm looking to buy my first property, and a relative would like to help out with the down payment, providing around $150K. That's large enough that the $14K/year IRS gift exclusion is an issue, and obviously we would ...
Michael Julian
The carrot vs the stick
Do you ever give your good renters bonuses? Last Christmas, I gave two of my best renters $50.00 gift cards to spend however they wished. These were tenants that paid every month early or on time, and maintained my pr...
Jason Pearson
Alternative College Savings Strategy
What am I missing? After significant research regarding college savings for our son, my wife and I have devised a strategy which we would love the community to pick a part. We are not happy with 529’s, Coverdell’s, a...
Patty C.
Loaning Money To A Friend For Down Payment
A good friend and colleague owner occupies a three bedroom condo that he does not like. He feels it is too big, not walk-able to destination activities (restaurants, movies, parks, grocery stores, etc). It does not ha...
Jerad Grace
Sending Holiday Cards to Tenant
Was thinking about sending out Christmas cards to tenants. I only own 1 rental property and both my tenants are fantastic. I was even thinking about a small $50 amazon/gift card for both of them? How common is it to...
John Michael
tax question for equity
Am i able to use the equity of my parents house if they do a cash out refi and deposit the funds into a joint checkings account with both our names on it?
Will this incur any tax liabilities?
John Mich
Need some advice on conforming loans
Hello All,I recently used cash to purchased a property (Green St Property) in my wife's name using the proceeds from the sale of a house in my name. Our plan is to do a cash-out refi in her name only, after the 6 mont...