Hi and Thanks in advance for any insight. If you have an FHA mortgage does it show up as that on your credit report? Owner occupancy is a requirement to tap into equity I have in my first rental property. But I curren...
Hi, I own a commercial property outright. It's current value is somewhere around $250k. I intend to hold onto this property for 3-5 years. In the meantime, I want to free up some of this equity so I can invest elsewhe...
I just had someone apply for a rental unit that I own. He is a Boston Firefighter and also owns his own landscaping business. He more than meets the 3x rent requirement for income and I got a good vibe when I showed h...
I’m starting this thread in response to the recent bankruptcy filing of Peer Street. Several Peer Street investors seem to be on bigger pockets, so I wanted to get us all on one thread, if possible to share resources ...
Spoke with my bank today about financing my next real estate purchase. On my credit report was an apartment complex where I broke the lease but paid all early term fees. I have all information saved luckily on Feb 22 ...
I have a deal that may be closing in a few weeks and there is a lien against the property from an old judgement. I would like to see if I can purchase the rights to a judgement from the creditor. I have a 1 page tra...
Hello. I am a married California resident who is about to buy his first house. My wife has previously been married in another state. As part of her divorce decree , her ex-husband was required to continue to make p...
We are about to close on a deal and the seller wanted to give us a $1000 credit toward property taxes instead of pro rated. When we asked for pro rated he said that would double it and so he would want to raise the pu...
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
We're obtaining a line of credit against one of our homes to invest in our RE business. Both homes we own have no mortgage. Our home is worth $425K and our investment home is worth $245K. We will secure line of credit...