Hey all, I am closing on my first property in less than two weeks. My PMI has changed 3 times, supposedly my lender had included my 2nd income but during under writing this was changed to not be included, since I have...

When buying an investment property would you advise to sign as co- signer with your spouse? Or have it on one spouse name then move it to an LLC?We want the to be able to have more buying power later this year as well...

I have been analysing some properties for practice and came across this one that I think it's a good deal just not 100% sure since I don't have any properties or experience just starting. I would like some feedback on...

Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...

My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...

I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I'v...

I have a rental in Reno fully paid off with current value of ~ $180k. Want to buy more rentals. Should I do 1031 exchange or do a cash out refinance? What are the pros and cons? Thanks Regards Francis

So, I have been researching a house for over a year that had been vacant, and finally tracked down the owner through a skiptrace company. He told me the house originally mortgage was free and clear, but he took out...

ANY advice would be VERY appreciated! 2 Issues:I am in UNDERWRITING and now they are asking for CLEARED CHECKS from a private mortgage - Years of History of the Owner Cashing Multiple Checks at One Time - AND the Loan...

Hello,

I just found my first property, the seller wants to sell at 20% discount compared to what he has paid a year ago (new building) + free new furniture.

Now I want to go to discuss with the bank. Usually banks t...