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I talked to a lender the other day about options as far as mortgages go. Has anyone used the second home mortgage? I noticed it had a lower down payment (10%) and as long as you occupy it for 14 days a year or 10% of ...
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Our insurance guy is telling us that we should have a requirement in our lease that the renter have renter’s insurance for $500k liability. He said most policies are at $300k, but it’s only an extra $10/yr to bump up...
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Last week I was in contact with an owner of a 40 unit apartment building in Independence, Missouri. The property was under a HAP program. To be honest, I was not familiar with the HAP program. All I knew is that the H...
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During the recent period of low interest rates I acquired some rentals with a 15% down payment in order to stretch my cash further toward down payments on additional properties.
This helped with the down payments and...
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So, to humor myself today I opened one of those common mailer advertisements to see what crazy low rate they wanted to push me on my condo for. To my surprise it was actually for a 4plex that I just purchased less the...
I am interested in buying a used mobile home in Texas directly from the current occupant of the home. I am interested in protecting myself from title fraud and the seller misrepresenting themselves as the owner.Since ...
Hi,
Is there a limit to the number of mortgages that one could have as an individual investor ? In addition to my primary home, I own other (5) rental properties. I am looking to add more but I am being told that I e...
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All,
First, thank you in advance for all the insight I will receive from all of you. I'm a real estate investor who currently lives in Washington, DC. I have 3 doors and am trying to expand further.
My sister and I...
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Hello, I am new to real estate with a quick question upon the BRRRR method and the cash out refinance. If I buy the run down property out right with straight cash do I still have to wait the 12 month hold of ownership...
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I’m going into contract on my first rental this week. It’s going to be a section 8 rental in Suffolk County Long Island. I’ve ran the numbers up and down and they work well. I’m unsure about a couple of issues tha...