Victor Mammarella
Seller finance information sheet
Hey, BP friends many sellers and agents don't understand seller finance and have a lot of questions. I made a Q&A to attach to all my offers to help explain the process and make it less confusing. Let me know wh...
Dennis O'Loughlin
wife's ex owns half the house we want to buy
My wife and her ex husband still each own half of their old house. He is wanting to sell his portion and we are wanting to buy it from him and turn it into a rental property. There is still a small mortgage owed on ...
Richard Chang
1031 Exchange - Existing Loan and Depreciation Recapture
Hi all,I am considering doing a 1031 Exchange of my Duplex Rental Property which has been straight line depreciated for 25 years. with an existing loan of about $250K.1. If I understand correctly, the depreciation cap...
Brett Malen
Finance a new property w/2nd mortgage on existing rental?
Hi BP community, wanted to collect your thoughts and idea's to help me brainstorm hacking some finances. Was thinking about taking a 2nd mortgage on an existing rental property to cover the costs of acquiring an addit...
Lisa Clouse
Loan for down payment and loan for mortgage
Hi I’m a newbie trying to get my first deal and have the following question. Has anyone done a Loan for the down payment and another loan for the mortgage for one property such as a turnkey?
Jim Tiernan
Letter from Chase Bank, LLC name can't be on insurance
Anybody else have this happen? I bought a rental in my name, then transferred title from my name into my LLC and also changed the name on the insurance to my LLC. I received a letter from Chase saying "the name on the...
Blake Carlile
Promissory Note - Signatures / Enforceability Question
Hello! I'm a private lender and recently received a signed promissory note from the borrower that looks well and good (based my research of all things that should be in a note), but it doesn't have a signature line f...
Stephanie Garcia
cash buy to refinance
To any lenders or investors out there. If I buy a house cash. How long do I have to own it before I can refinance or take out a loan, please advise. Thank youStephanie Garcia
Matt Pfefferlen
Buying Foreclosure (piecing together from BK filing)
I am a little confused on this, so i am wondering if anyone has seen this before. The notice of sale is out on a home I am interested in. From reading the BK filings, I am pretty sure there is only a first mortgage...
Peyton LaBarbera
A Refinancing Question
Lets say I bought a house for 200k with 20% down so 40K into the property and a year later I decided to refinance to get better rates for more cash flow but the property went up to 250k would I now have to put up an a...