Mike Neyman
Interest Rate Resetting on a Rental
I've been thinking about my long-term position on some of my rentals and foresee a problem coming in a few years.
Two of the mortgages on my rentals are ARMs and will be resetting in a few years. The current rate ...
Brandon Sturgill
Portfolio Blanket Loan and Re-fi Options
I currently have a portfolio loan dressed as a 1/1 ARM on two properties. The lender has provided 80%LTV on one property I have owned and one I am buying ($254k combined value). So, basically the first property act...
Kayla Holder
Wholesaling land and Need Some Advice
Greetings! I have a deal that I am working and I plan to obtain the land through a quitclaim and flip it to my end buyer through quitclaim I already have my buyer, my question is, the deed is In The name of three sibl...
Account Closed
Financing Investment Property
Hello,I am looking for financing options on an investment property. This will be my 4th investment property but only the 2nd one where I have direct mortgage obligation The others are only under my wife's name. Howeve...
Michael Smith
The Ultimate Guide to Using Conventional Mortgages to Expand Your Portfolio
Perhaps I'm being overly ambitious by taking a leaf out of @Brandon Turner 's book and throwing "The Ultimate Guide" in the title, but my goal is to create a comprehensive point of reference for investors looking to u...
Ryan Taylor
Own 16 unit complex clear-Need loan to help sister pay tax lien
Hi everyone, I have a 16 unit building owned free and clear, gross 150k per year appraised at 1.1 million in 2009. I need about 150k to help my sister out of a financial crisis, in addition to that I have been advise...
Pat L.
Interesting Scenario
Our 401(k) solo holds a 50% 1st position note on an investors rental SFH.
We are taking it back DIL for mtg arrears. With a little rehab it will sell for a good $25-$30k above the balance owed.
My TAX i...
Tyler Volk
House Flipping: Kelowna, British Columbia
Hey BP!!Looking to meet up with local flippers in the Kelowna, British Columbia Canada area. Lots of potential for good profits form what I have researched, hoping to meet some like minded people. If your in the Kelow...
Chad Reynoso
Refinance
Hi BP,I have a refinance question...Is it worth or a smart move to refinance for 1% reduction in rate while 9 years into current loan. Beginning 2017 my loan will cap out at 5% and stay fixed for the remainder of my 3...
Brian Plajer
Lock in or not lock in a mortgage rate...that is the question
Hello, I'm under contract for a new build townhome in Charlotte NC. We plan to rent it and hopefully see some appreciation over time. My issue is we close in Aug/Sept and the rates are obviously climbing. when I spea...