We are buying a property subject to current mortgage. It's scheduled for foreclosure auction in Tarrant County, Texas on 6/3/2014 (next Tuesday) and we will be closing on it in a few days.
Upon speaking to th...
Hello all,After doing a ton of research, it seems to me that real estate investing gurus and their "subject to" teachings are going to turn good people (ignorant people) into felons. Just because someone is ignorant,...
Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...
With more investors turning to private money lenders for faster funding, what benefits have you seen from using private financing versus traditional bank loans?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
I just talked to a man who responded on a l/o ad. He has a house that's going to auction in Chico Ca today at 2pm. He said he had an investor that was going to buy the house at auction and then l/o back to him (in his...
Hi, My property in California, is appraised approx at $320,000 and my 1st balance is approx $360,000. My second is for approx $73,000. I've stopped paying the 2nd and I'm trying for a loan mod on the 1st. Would the 2n...
I received a letter today. An SFR tenant filed chapter 13 Bankruptcy. I cannot cover my mortgage without their rent. I'm trying to understand the letter I received. I'm just getting started to figure out next steps. A...
I am looking to buy a small hotel or motel franchised that's a bank owned property? I am a new investor and this will be my first property. I don't have good credit I want to know if I can get funding for the project...
I'm buying my first properties soon and am wondering which of these would be the best strategy or if there is another way that would be better. My goal is to buy and rent out long term. I have the houses lined up but ...