Borrower has now requested mediation. What should I expect with this?We have long been proponents of renegotiating the mortgage. But the delinquent property taxes are too high.Borrower's take-home pay is ~ $1,500 - $2...
Hi All!! I do have cash to make my first purchase and rehab it , my plan on the first few deals will be to flip the properties, some people at my investor club have advised that I use borrowed money for the first hous...
Back in 1995 or so I informally assumed a mortgage. By "informally" I mean "subject to". The property was deeded to me and I started paying the mortgage. I got insurance consistent with the deed, and named the lend...
Hey all,I’m assuming someone can answer this pretty quickly but is PassivePockets not included with BP Pro? I didn’t see any way to login with my BP account like I could for example with Stessa so I’m assuming no, bi...
SHe said the previous landlord used to front her money several times because she was good for it. She needed $500 to do something but her ss check wouldnt clear till tomorrow. She would write the check to repay along ...
The 2018 Tax law discourages itemization by providing a bigger exemption and capping mortgage interest and SALT deductions. I have a rental that is fully paid off, but my primary residence carries a mortgage. If I bor...
I am doing my 1st owner finance deal where I am the seller, providing financing for the buyer. My intention was to pass on the loan servicing fee to the borrower. Is that the standard practice? If not, is it wrong to do?
Hey Everybody, new to biggerpockets so I apologize in advance if this is a rookie post but hopefully someone can help the situation I've run into. ThanksA borrower I refinanced 5 out of 15 investment properties for a ...
In the loans/mortgages, what are you commonly requiring of your borrowers for insurance, personal guarantees, ect?