Jeff Warner
Wrap mortgage / subject to / Owner finance
Hey guys, Here's a deal that I'm looking at and need some advice on how best to proceed...SFH $149K, comps show $170kSeller is willing to take $65k (his equity) and have me assume the mortgage (84k, $650 / mo). He cal...
Oliver Sparks
C class multi family rent collection
I am soon to close on a multi-family property in a c-class area near Kansas City. Currently the tenants take their monthly payments directly to the bank for deposit. I am aware of the methods of payment that differe...
Anthony Kondor
How can I buy properties "Subject to existing payments"?
I'm looking at a house in pre-foreclosoure and the ARV is 190,000 the owner owes 40,000 left and behind on payments, he owes 15,000 in back payments? How can I bring his loan current and buy the house subject to?
Tom Boutureira
Calculating ROI - P&I and depreciation expense
Hi All. I'm looking at rental income properties and experimenting with the Four Square method to calculate ROI. The purchase will require financing.
The Bigger Pockets method includes both principal and interest for...
Juan Ayala
Lien Waiver Signing
When do you have your GC sign a Lien Waiver? Do you use a notary?
Matthew Graves
Lender adding proposed HELOC to DTI
Can anyone recommend a lender for a personal home HELOC where they don't count the proposed/untapped HELOC against your DTI? I've read that this isn't the case with all lenders but was curious if anyone knew of one sp...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...
Bill Womeldorf
Having tenants pay using internet?
Hi everyone!I am debating weather or not having making a tenant pay rent on a smart phone/ or computer that would require internet is ethical. I would think the vast majority of renters now use internet on the daily a...
Benjamin Cowles
so how do you get funding for the down payment?
or just any secondary loan. How does the lender benefit from a 2nd mortgage? A higher interest rate? Is that it? From what I understand with a subordinate mortgage there is no room for any collateral for any loan ...
Stone Jin
Which to pay first?
Here is the situation,My wife and I are at a point where we cannot buy/manage any additional properties. We are starting to look into paying off mortgages. The question is should we payoff the ones with the highest ...