I have a duplex that I house hack (live in the other side). I found my new primary and now will be renting out both sides of my duplex (Starting to feel like a Real investor now :) ). My current tenant just gives me...
I'm trying to purchase a duplex with my parents. They are considering getting a HELOC on their current home which is paid off in full. The duplex is for sale for $300k. Is it possible for me to get a conventiona...
Has anyone been successful using a personal line of credit as down payment funds?
What pieces of a mortgage are included in "debt" for purposes of D/I ratio? P&I? Or the full PITI? Don't taxes hit the P&L? Not the B/S? So why would taxes and home owners insurance be calculated in debt to in...
Need some advice please. I've used private money to fund a couple of deals but it's always been pretty straight forward: loan X amount of money which buys 1 property and the loan is secured by that property. What I wa...
Hi, I am planning to buy a home. As I don’t have enough savings for that, I have no option other than a mortgage finance. I don’t have any previous experience with mortgages. So, I asked my friends for their suggestio...
My tenant wants to break his 12 month lease 4 months into the contract. What are my options and how have any of you handled similar situations? Do you refund the security deposit? what about the last months rent that ...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Hi BP Members!I own a SFH 50/50 with another person. He is wanting to sell and move to Seattle for his new job, but I want to keep it because it is a great long term positive equity and cash flow rental. The problem i...
Hello to all, I have a question about getting my first credit card. Im 19 years old and I want to get my first credit card to start building my credit. My question is, is it possible to get a credit card without a job...