If I sell an investment property can I use those funds to refinance another property to do renovations?For example: I sell a $200,000 condo with no mortgage debt on it. Then I refinance a property that I already own t...
Under contract on a portfolio of 6 properties/14 long term rental units. Seller financing for the 25% down payment. We are hearing that DSCR loans will not accept a 2nd position lien such as seller financing. How do w...
Say I can get an owner finance on a 99k house for 5 years with a balloon payment. $2500 down. Then rent it out. Investment only. How does one take the owner finance situation to a bank and turn it into a 30 year loan ...
I recently purchased a duplex in MN and am wondering how billing for electricity (without separate meters) can be accomplished? I have all utilities in my name but would like to add a fee each month added to the rent ...
I am a novice investor who inherited the business from former husband 6 years ago and looking into doing my very first 1031 exchange. I am considering moving into up-leg property so I can rent out my residence to crea...
I was looking at an upcoming bank foreclosure and noticed that the original owner had two mortgages recorded with the same date and time. The current foreclosing mortgage appears to be of lesser amount ($20K vs. $90K ...
I have a property that I rent to four college girls. One of them is using money from her financial aid assistance to pay rent. She recieves this rent in a lump sum and she asked if she could pay her whole rent for the...
Hi, Chicago-area investors,As I move closer to buying my first multifamily, one thing I haven't been able to learn much about is property taxes. Specifically, how are they adjusted after a sale on the open market? My ...
For the past couple of weeks I have been browsing this site and I decided I want to pursue REI. My first decision I need to make is that I need to buy a home for my wife and I. We would like to find a house to settl...