Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
Steve S.
First time investor needs advice
Glad I found this site. My name is Steve and I am 32 years old. I currently own a wholesale company for autos and powersports. I am looking to get into home flipping. I have a contractor buddy who approached me with t...
Elizabeth Pharis
Learned about Fannie Mae too late
Unfortunately we didn't fall under the category of "deal fell through at the last minute." Ours went through. Long story short, we found a house on Coldwell Banker. Drove 4 hours to look at the property....twice. ...
James R. Copeland
Craziest Tenant Experience?
So I have to share mine, because it just happened this week. We went back and forth with the tenant in our rental home but finally convinced them to move out without having to go the eviction route. When they did fina...
Aaron Montgomery
Questions to ask CPA/Lawyer
Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...
Aaron Mazzrillo
Clayton Morris Podcast
I received an email inviting me to be on the Clayton Morris podcast. Never heard of him or his podcast and am curious if anyone has listened to it. I went to his page and saw a huge red flag for me; Financial Freedom ...
Account Closed
Doctor's note for cats?!
Hey everyone... so I have a bit of a lease term question. I just bought this four-plex and it's my first local property. We're managing it ourselves. We've literally had possession for 4 days. Tenant #2 comes up with ...
Jason Yuan
Section 8 ask me to pay back 5 year rent for $44,000
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...
David Yuhaz
tenants always late--do we renew lease or not
One of our rental properties is free and clear, and the tenants have been in the home approximately 3 years. This property is being taken care of through a property management company. This past year, the tenants ha...
Christopher Cadenhead
Property management issues
Hi I’m having a problem with my current property manager does anybody know what the consequences of firing current PM before contract is up?