Jackson Rottenberg
Understanding the way of lending money
I still can't wrap my head around the idea of hard money and private money when it comes to paying it back. My understanding is that I will get a loan from either source and pay the interest every month and when I ref...
Christopher Castaldo
Alternative rent payment structure
Besides the standard 12 monthly rent payments due on the 1st, does anyone have any experience trying an alternative rent payment structure? I have been thinking about a bi-weekly or weekly payment syncing with the ten...
Carol Hu
Should I pay off the special assessment if I am planning to sell my rental condo soon
I have a studio condo that I am planning to sell in the next few years. The building just went through a 1MM remodel and my unit has a special assessment of $7700. I have the option of paying it off in one shot or doi...
Jennings Cahoon
First buy long term rental
New to the forums listened to the podcast for a few months. I have a down payment set aside for a property but can’t get a loan because my job history is a little short and I’m self employed but my credit is great. Fo...
David Yamamoto
Divorce - refi primary options
So, going through the big D and obviously this has turned things upside down for me... I am staying in the primary residence, wife is moving out and keeping our single SFR out of state investment property. So far th...
Joseph Parker
Seller Financing deal - trouble with Amortization Schedule
Hello everyone! New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm curren...
Marcus Johnson
PM versus DIY
It's been brought to my attention that I should be paying myself for self managing my Duplex and that even though my cash flow is higher in the end when not using a PM, it's my time that is more valuable and therefore...
Josh Smith
Comparing HELOC options for down payment for investment/primary
Hi,
I want to get a 200K HELOC (pulled from my current owner occupied property) to use as down payment for a second primary house, which may be owner occupied primary or investment. I have 2 options:
1) Bank1: P...
Katherine S.
Pays late every single time, driving me crazy
We have a tenant in one of our SFH, moved in last December, and has paid late EVERY SINGLE TIME (with the exception of the first month.) He pays the $50 late fee without complaint. He asked to move his pay date from...
Babu Ramadoss
Why should we do 30 yr when compared to a 15-yr mortgage ?
Hi
I understand that people advice higher Cash ROIs to evaluate a rental (investment) property so that you will have cashflow. However, I am wondering why is it not a good option to go for short-term loan so that...