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Results (10000)
Nik Corbaxhi Power of Attorney Question
23 March 2022 | 1 reply

Hello BP Community,
Not sure if this was covered somewhere else but here is a situation. A power of attorney is attempting to sell the condo for the principal (his mother). The mother was accepted in hospice care and...

Trish Giassa Amortization schedule help needed
17 January 2020 | 6 replies

Hello! 
I hold a small mortgage and the borrower just made a payment to principal. 
Now I need to update the amortization schedule but have no idea how to do that without changing the payment amount.  
Can anyone...

Michelle Phimmasone DSCR loan question and help
25 July 2022 | 13 replies

We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...

JC K. Property Management Software with Lending Features
4 May 2024 | 3 replies

Hi!  I am looking for an affordable property management software that will also help me manage loans made to others.  I have a few owner financed real estate deals I’d like to track efficiently while also managing ren...

Ralph Ace I had closing on April 11th and 1st payment not due to June 1st
14 April 2023 | 5 replies

I had closing on April 11th and 1st payment not due to June 1st.Is there a reason I need to wait over 1 month and 2 weeks to make my first mortgage payment.Thank you

Patrick McGarry Private Lending - tax implications
6 March 2017 | 3 replies

I am loaning money to a company that buys, remodels, and sells homes. I am wanting to structure the deals so that my lender profits are capital gains as opposed to interest. Have I been successful?For example, I loane...

AJ Van der Velden New member in Ontario Canada
30 November 2015 | 3 replies

Good day Everyone.I live in Canada. Currently I have a mortgage for my principal residence. I am aggressively paying down my principal mortgage so I can have enough equity to purchase a multi family investment home (2...

Durga Prasad To sell vs keep renting (long term)
20 April 2022 | 5 replies

First post here, thanks for the wealth of knowledge, I am facing a very challenging situation, hopefully experts can weigh in…
I currently have a SFH in a great location, excellent school district, have been renting ...

Drew Cameron Mortgage strategies
26 January 2016 | 11 replies

I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...

Connor Umfleet Advice on Buying a 3rd House for a Live In Guest Suite Short Term Rental
10 July 2023 | 5 replies

I'm hoping someone can give me advice on whether or not purchasing a 3rd home to do a guest suite rental would be a good idea, given our current situation.My husband and I own two houses: One in Vancouver WA and one i...