I am looking into a subject to deal but it has 3 HUD loans. I talked to the person selling the contract and they mentioned that those hud loans have to be paid at year 2051 or if you sell or refinance the house. In th...
Split with my PM in the spring over their poor management (not paying utility bills) and not gaining my approval for repairs over $300 like the contract stated. One unit in particular accrued nearly $10K of repairs, a...
Hi all, I am just starting out. I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?
Hello!I've been a member on the forum for sometime, often just reading through answers and ideas. I currently (since 19') have an investment townhome in WV panhandle. I see rates are still pretty low and wanted to tak...
I have a fairly dumb question. When a house has been foreclosed and it say's,
"The lender has taken ownership of this property through a foreclosure auction for the amount of .." and the original loan on the ...
First post here :)
Quick question on how DTI is calculated for a salaried employee (paid every two weeks) who also receives bonuses/commissions.
I know that every lender will be different, but as I understand it one...
So I have created a DBA and signing up for a Chase Business Checking Account to organize money flow and make filing taxes easier. My question now, if there was an expense/repair that I need to pay, should I use my per...
I have a motivated seller that would like to sell but cannot due to some restrictions in his area. If he were to sell any time in the next 15 years, the new buyer would need to meet a long list of low-income requirem...
I inherited a home oat the end of August 2011. The property carries a home equity loan in the name of deceased relative. I have been paying the bill every month since. I never contacted the lender to know about ...
I would like to know if a lender can foreclose on a property or call a loan or require an influx of cash if the loan for the property is upside down? I've seen several articles online about negative equity, but if the...