Christopher V.
Buying vs Renting - Give me your opinion please
Hey all,I'm 27 and at the point in my life where half of my friends are renting and half of my friends are buying houses. I'm doing neither, because I live in my parent's basement due to my upcoming wedding on June 23...
Stephanie Bureau
First, Last and Security Deposit
When you rent out a place how much do you require your security deposit to be? 1 month's rent, $1,000, $500 etc? What about requiring last month's rent and first month's rent? I was thinking of asking for security dep...
Michael Simmons
Tax Question - FSBO Investment Property
Situation: Selling an investment property FSBO (we've never occupied the residence). I will keep the mortgage in my name and make mortgage payments. New "owners" will pay me monthly. They have 5 years to secure fu...
Fernando Vergara
million dollar flip
i would love to get a fix and flip it loan but my credit is horrible. what can i do?
Marlena B.
probate needed for short sale?
This is my first time dealing with a short sale in which the owner on title is deceased. The owner's son is considered the executor of the estate, according to the bank, but there is no legal trust set up. We're clo...
Brandon Bohland
Subject To Question
I have a seller willing to do seller financing. I let him know that if any time I miss a payment on his mortgage, he would have the right to take the house back, along with all of the equity I've paid down while I'...
Gloria A.
Tenants No Longer Responding and haven't paid pet fee or partial security deposit
Hi all, Perhaps you can help me with some next steps.I recently signed a lease agreement with a couple who have stopped responding to my texts, emails, and phone calls. This is the second month they've rented my prope...
Jeff Kaplan
Applicant retired and getting divorced
We have an applicant who is retired AND in the midst of a divorce. We seek advice in how to qualify since the divorce settlement is incomplete. Much of the assets including their current home are in both their names. ...
Dina C.
Are gift funds allowed when purchasing a second house?
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Chad U.
Security Deed and Note Expiry
Let's say I'm carrying note with a Security Deed as collateral. Terms of the loan are no interest with a balloon payment upon expiration of the note. If the note has expired and the payment is not made within that t...