Sherrie Shillingford
Selling mortgage note
I am currently holding a mortgage note on a property that has an unrepaired sinkhole. The buyers do not want to fix the sinkhole and in fact are making the home bigger. I want to sell the note but I am not sure if t...
Horacio Gutierrez
Do you need to tell the bank with the loan about transfer to LLC
Hello,Do you need to tell the bank that will lend you the money for the loan that you will later on transfer the rental property under an LLC so they will not maybe do a due on clause on the property and also should h...
Thanh Nguyen
Mortgage loan originator role!
As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...
Stone Denning
Newbie looking for suggestions
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...
Hyeseong Park
Need cash out refi but don't have a good balance in bank acc, what should I do?
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
Ivan Poon
Turning a loan from a relative into a conventional mortgage to buy a house?
Hi guys,
I have an opportunity for a $245k foreclosure, but the bank is only accepting cash only.
I'm going to put down 90K while my pa...
Martin Capanda
Can my tenant who flooded my house request me to pay for her hote
I live in California, Los Angeles county. My tenant who rents a room with bathroom in my house broke shower handle and was not able to close the water. She tried to contact me over the phone, however, exactly on that ...
Tim Braun
Purchasing a small mobile home park via. land contract - need some advice
Hello all, hopefully this is the right place for this. I am considering purchasing a small mobile home park (6-11 pads) on a land contract. I'm addressing the site details on a different post, so I was hoping to get s...
Dan Krupa
Payoff mortgage early or not?
BP Pros:I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additi...
Christopher Meaker
VA Loans under LLC? Possible?
Does anyone have experience using VA loans to purchase multifamily houses? Can you still create an LLC that the home would be attached to as an asset? If not is there some way of getting the loan and transferring t...