Philip Bashaw
Low down mortgage for investors?
Hello BP!I thought I was doing well enough to get an FHA approved mortgage for my primary residence. I was actually approved and in process by Quicken Loans, but they mortgage banker didn't properly prequalify me, so ...
David F.
seller finance income mortgage qualification
I'm wondering how income from a seller-financed property would be treated for conforming mortgage qualification for a new property purchase? Would that be treated like rental income is or would it be treated as inves...
Matt Striebe
House Hacked my current residence
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $269,000
Cash invested: $80,000
House hacked my first residence where i currently live, rent out the downsta...
Eric Gross
Looking for a win-win solution here.
Okay so I used to be pretty smart. Or so I thought. But it's been a while since I've done anything remotely "active" in the property investment world. I have been renting out a few places as a sole proprietor that jus...
Robert Polanco
Rent to Own contracts in Texas
So I was around driving for dollars and I stumbled upon what I believe is a preforclosure. Home is valued @197k his mortgage amount is 130k the house doesn't appear to NEED any work. I'd like to go with a rent to own ...
Nathan Emmert
18 units - $230k... really?
So I'm looking at this building. It's in a podunk little town about 3 hrs North of me. Owners have had a terrible time getting it managed properly (probably cause it's in podunk USA) and are just looking to get out,...
Alex Stepanov
How do I report interest and P&L from notes on 1120?
Hello Everyone,Could anyone please help me understand how mortgage notes are accounted and reported for the purpose of business tax return (form 1120) ? While searching the Net, I found a few different approaches - fr...
Stacey Mathis
Wholesale Dale - Who pays off the mortgage
When doing a wholesale deal, who is responsible for paying off the mortgage?If it's the seller, how can we be assured that that will be done so that the lender does not later come looking to the next owner (our buyer)...
Pearson Caldwell
What constitutes separate apartments?
I am in the process of buying a home. The home is currently zoned as a two-family, but it has three stories with three separate apartments. The second and third floor share utilities, with the second floor covering ut...
Susan Antani
Duplex as an AirBNB investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Shorewood.
Purchase price: $240,000
Cash invested: $15,000
Duplex in Shorewood. Purchased with a partner who is living in ...