Evan O'Brien
Cash Out Refinance and building equity
Hello BiggerPockets Community, I have a question regarding building equity in a property by rehabbing a property and doing a cash out refinance after the seasoning period since the property has been purchased has been...
Roma Korenyuk
Does anyone know how 1099C works from a lenders point of view.
I'm trying to figure out the IRS 1099C from a lenders point of view. If and when it should be sent, or if it should be sent at all. How would the total be figured out. Difference between taking the property back as RE...
James Orr
Return on Investment from Paying Off Mortgage Early
Perhaps someone can help clarify my thinking on a financial question.For this discussion let's assume we're talking about a $100,000 30 year fixed rate mortgage at 5% with a payment of $536.82 per month.Not that you w...
Colton Mckell
Buying tax sale property
2 years ago I did a hard money loan with max monthly interest. I recently have been paid part of the principal, but was still in a situation on the interest owed to me. Recently the property that had I had up for c...
Angela Burton
What's the best way to structure this deal, subject to, option, lease with option etc.?
I have a possible lead on an up and down duplex, it's a pre-foreclosure here are the details:1. FMR can be up to $750 per unit, currently rented2. ARV around ($74,000) to $108,0003. Approximate amount in arrears $56,0...
Larry Perez
Refinance my FHA loan
Hello all,I purchased a house 4 years ago for 145K with a 30yr @4.25% FHA loan (5% down). After living in the house for 1yr I decided to rent it out (does not cash flow well). I now owe 100K on the loan and was hopin...
Ray Trounday
Loan to Value calculated on Original Loan Balance?
Is Loan to Value calculated on the Original Loan Balance or Unpaid Loan Balance?
Colton Mckell
Buying tax sale property
2 years ago I did a hard money loan with max monthly interest. I recently have been paid part of the principal, but was still in a situation on the interest owed to me. Recently the property that had I had up for c...
Chyrelle Robinson
New to Wholesaling ... Please Help
Hi! I am brand new to wholesaling, I have read, listened to podcasts, and video. I have reached out to a few local wholesalers mentor me, but, since I am a real estate agent, I've been told that real estate agents ar...
Gautam Venkatesan
Notes, Interest Income, Yield - please help my math challenged brain!
I read a lot of posts on BP recommending investing in notes with your retirement funds. I see double digit returns (10-15%) being quoted as common for note investments done correctly. But when I do some simple math...