Looking to get a 6 family investment property under an LLC but also considering getting umbrella insurance. Any opintions? Should umbrella insurance be under the name of LLC or the person? Also what is a good amou...
Hello, If I wanted to rent out my Primary Residence where I have been living for the past 5 years. How would I determine my ROI? Would I have to calculate the mortgage payments that I have been making for the past 5 y...
Hi all,Wanted to drop in and introduce myself.My name is Michael, and I am a mobile gaming product manager looking to invest in the Springfield, MA multifamily market as I'm priced out of Boston where I live. I've bee...
Hello, I am looking to receive a home from a family member. I believe it would be considered buying subject to/assuming their mortgage. There is about $40,000 left on the mortage. There's about $40,000 in equity but t...
Not a HELOCFor the sake of example, let's say a home appraises at $100,000 I have $55,000 in Equity and owe $$45,000 at 3.75% on a 30 year note. I've found an amazing deal and would like to use some of this Equity to...
I am semi retired. Have 3.3m in equity in my 10ish properties. I am trying to purchase 2.3m home that should bring in 250k. Looking for different finance options. Thanks!
Seller has 2 mortgages foreclosing. Senior lien has been in foreclosure since 2012.Both liens are around $350k each.CMV $950kSeller has financial difficulty and seems to think we can negotiate for a partial settlement...
There's alot of question to ask, but now my main concern is should i hold or sell my first investment.
Ok say you bought a property using and FHA loan with 3.5% down. You must owner occupy for a year and after that year you plan on refinancing the loan into a conventional mortgage in order to free up the opportunity to...
I'm new to the community and am interested in your opinion! I bought a primary property in 2022, which was purchased to house hack. I am now interested in purchasing another rental. The property currently has about ...