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Which evaluation rules do you use to quickly assess a multi-family's (2-4 units) suitability for a closer look? It seems to me the 50% and 2% rules wouldn't be applicable because of the multiple unit factors for some ...
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Hi everyone. I'm looking for advice. I'm renting a 3 bdrm-1 and 1/2 bath rowhome to a tenant family of four adults who are habitually late with their rent payment each month. The tenants are reasonably clean, so no is...
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My tenant is mid-lease and we just found out she got a dog without prior approval. This is a lease violation, but we do allow dogs and told her she can keep the pet if she pays the required fees. I gave her 7 days to ...
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Would you give your routing and account number of your bank account to your tenants, so they can deposit their rent straight into your bank account?
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Hello,I am looking to invest in a multiunit property, but I am nearing the debt to income ratio most banks require. I do not have the funds to pay all cash for the properties I am looking at. I am curious as to how sp...
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Hello everybody,
So shopping for a mortgage after getting an accepted offer i find out that we have to pay mortgage points on top of the closing cost when getting a mortgage. Is there a way to bypassing that?
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From a note owners perspective, I'm a little confused regarding what happens to excess equity when the note owner is forced to foreclose.
Lets say for example, I own a 2nd mortgage. For simplicity lets assume...
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My wife an I live in a 3 bed 3 bath house in Nebraska. I bought the house for $175K (0 down) on a VA mortgage in 2012 ($178K with the VA funding fee rolled in). We have paid down approximately $35K of the mortgage (st...
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Hi guys just curious on what you guys did to increase you credit score? What steps did you take and where is it now? Thank you
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I'm looking at several 2nd NPNs for purchase. Several of 1st position holder started the foreclosure process. The underlying assets have enough equity (FMV) to cover both 1st and 2nd. How can 2nd note holder ensure th...