Good morning!I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $10...

Hi,

I was told by a Real Estate investor who I can no longer get in touch with, that there is someone that gets paid to sit in the house that a realtor is selling until the realtor arrives? I'm guessing they were the...

I was wondering if I would be eligible for the $8000 tax credit if I:

1) purchase a condo now

Year #1: Live in the condo for one-year
Year #2: Rent the condo to someone else for one-year, while I finish Ph.D. work i...

Hi - If a borrower hasn't paid their late fee due 2 months ago - what can you do?

What does a balloon mean when talking about loans?

I recently read Brandon Turners book on Rental Property Investing. I talked about the 2% (rents should be 2% of sale price) rule and 50% (rents should be multiplied by 0.5 - principal and interest if mortgage) rule. W...

Hello everyone!Question to people who own 16+units - what type of loan do you use? Do you always go with interest only or not? What is your train of thought behind this?

Hello,First time posting here. I have enough money to prepay my mortgage payment for the next 6-12 months and am wondering if it would cut any time off my 30 year mortgage. To be clear, I don't mean throwing a large s...

Currently I am getting all my ducks in a row to my path in real estate investing and I am looking for input/opinions on which path to take on refinancing my primary home.  Make a very long story short, I am currently ...

Is it a good idea to use an interest only mortgage to finance a first time investment property?What are the pros and cons of an interest only mortgage?