Gina Cresse
Borrowing against self-directed IRA rental property
Hi,I purchased a rental property with my self-directed IRA (all cash) in 2013 using an LLC set up for me by an attorney. I recently discovered I can borrow against the property to get cash for down payments on more r...
Jack Srimani
Serious concern buying a REO
Hi,
I just got approved of a bank loan from a small bank. (Thanks for folks who advised small bank for small loan). Now tomorrow my realtor and I are going to go through the offer contract. After signature the realtor...
Eric Andrekopoulos
When did you set up a Trust?
I've asked multiple people about this and have gotten a variety of responses. Just curious about everyone else's opinion. At what point do you feel is the time to structure a trust for your properties?
N/A N/A
Few questions about REOs
Thanks for reading...
1) Are banks more likely to accept a lower offer on an REO property if no financing is needed? In other words, if I can purchase the house outright, in cash, as opposed to someone that will be b...
Dele Fakeye
how to release equity
I have a 2 bed flat which was cash purchase(no mortgage to pay). Went to the bank to release the equity but refused because and am not working. Is there other ways to release the equity
Jason Fang
How to negotiate for seller financing
I think I'm getting close to getting an offer accepted with seller financing. But it seems the seller is not budging from her position and not countering my offer. See attached text messaging. Any suggested next st...
John C
Iowa Tax Sale Question
When a property is acquired by tax sale, does that remove all leins?Seller has deed to the property and wants to sell as is/ where is. Iowa is abstract state and seller wants me to handle that cost. I have heard ar...
Josh Lebovits
Lenders serving Baltimore, MD (Portfolio, Stated Income, Non-Conventional)
Hi All,I recently completed a renovation on a semi-attached, 4 bed, 2 bath in Baltimore, MD that based on comps is probably worth around $160k now. I am looking for a cash out refinance. Assets a plenty to pay the l...
Mallika Akkala
New investor - Need help about buying a foreclosed property
Hi.. I have been looking to invest in a condo. I currently rent an apartment, so i thought of starting out by owning a condo to live in. I live in New Jersey and i am looking to buy a condo with attached garage in Nor...
Lauren N.
House Hacking and traveline abroad
I know it's a year requirement to live in the house hack.
How much time can I spend traveling abroad while doing the house hack?
I am self employed and will work in different parts of the country for weeks or a mont...