Craig Herring
Tax benefits of Land contract/Seller Financing
Hi everyone! I’m trying to become more verse in seller financing/land contracts and have a few questions on the benefits for the seller. I know seller financing is attractive for sellers for the fact that instead of ...
Jennifer Turner
How to modify terms of a seller-financed mortgage?
Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers? Or even refinanced it to them?I’ve been searching for a form or contrac...
Nadia Beckford
Tenant Rent and Pet Late Fee
I recently rented my house the tenant pays the rent and forgot to pay the pet fee. I noticed the tenant and told her she has 24hrs to make payment. She acknowledged and I went out of town for business and forget to fo...
Stan Butler
Rental Agreement With Split Payment
As the economy continues to be sluggish, I am getting more requests from tenants to make their payment in 2 monthly installments. How do you other landlord account for this schedule?? I can think of a couple of w...
Shawn S.
Tenant not responsive and unsure what to do
In case you didn't read my profile a short understanding of us. We have been renting for 8 years and we have been learning this as we go. We have recently started using Bigger Pockets which has been a HUGE help so t...
Ryan Davis
Please help, more loans?
Im in dire need of some advice. What is better, to pay off one loan or pay off multiple loans as fast as possible?Just a little background before we get into the details. I currently have a condo. We have lived here f...
Tim Joyce
DTI calculation, for conventional lending
Can any lenders who do conventional lending tell me how wide a snapshot you’d take of my debt obligations when calculating DTI? Like, does the short-term debt service I have now really hamper my borrowing capability f...
Diana Borova
Terms of private / hard money lenders
Hi everyone! This is my first post. I am getting started in the game of flipping as well as buy and hold properties and wanted a better understanding of how private/ hard money lenders work. When paying back the loan....
Marcus Louvier
Deal Analysis
Hey guys,Today, my first very motivated seller came to my inbox! I'm hoping you guys can help me analyze the deal.3 bed/2bath 1600 sq ftAsking: $90kLoan Balance: $90kARV: $95kCurrently Monthly Payments: ~$600 (said he...
Drigo Vie
ARMs?
Please excuse my ignorance in this subject... I was just reading a book the other day that talked about buying a property using the loan type of ARMs for 3 years or 5 years, which for what I understand is only paying ...