Brad Spies
Wrap around mortgage
Good Morning all, I am trying to buy my brother-in-law’s Airbnb and would like to utilize a wrap around mortgage to take advantage of his 3.25 interest rate/30 year mortgage. The loan is held with Chase bank. We are g...
Crislie P.
Rent Increase, new contract?
Do you recreate your contract with your tenant after you increase the rent or just create an increase addendum of the current lease?
Ryan Schuler
Potential tenant moving in with her sister
My first property (3/2) is ready to rent and I am sifting through applicants. A woman told me that she is interested in moving in with her sister. Both have one child each . They are each going to fill out an applica...
Maggie Hamill
Bank ties two mortgages together and use sale of one to pay down other?
We are a developer near Madison, WI. We have conventional financing on our duplexes and looking to hold a few and unload a few. A new lender that we met with told us that if a bank somehow ties the mortgages together...
Jeff Ju
Investing via retirement vs. personal cash
First off - I apologize for the duplicate post. I felt that this belonged in personal finance as much as it belonged in tax strategy. If it needs to be deleted by a moderator, I understand. I've found so much contradi...
Mike Meyer
Fort Myers first investment
Anyone have any advice on a first rental property in Fort Myers. Looking for an A or B area with concrete/block construction. Priced between 800,000 to 4 million. Can anyone describe some good areas in Fort Myers to a...
Eric Lewis
Getting an FHA loan on an additional property
I'm hoping I can run this scenario and get some guidance. I currently have two open conventional mortgages of which one is my primary residence, the other is a rental property that was formally my first home. My job...
Greg Weber
Investing with high FICO and a foreclosure
I am getting back into the RE investing game after a set back in 2010. I have a 720 fico, make good money but have a BK (discharged in 2010) and a foreclosure that was tied to the BK ( but is listed as 2014). I know I...
Mark Y
New member from Phoenix.... and I'm green
Hello all:
I'm a married 47 year old from Phoenix who is looking to purchase a rental property for a couple of reasons. I'd like to get some tax relief and at the same time do some additional investing for retirement...
Jason McDougall
Homeowner wants to stay after closing
Hey folks,I've come across a couple of wholesale opportunities, and both homeowners want to stay for about a month after closing to use the cash to move. How should I handle a situation like this? I would of course di...