Philip W.
Debt Service Coverage Ratio and Cash On Cash Return - No Loan to Calculate?
How can I calculate DSCR and CoC prior to making an investment if i do not currently have a loan on the property? Don't I need to know exactly what my loan will be before I can calculate this accurately? I have not ...
William Sageser
Any idea how this bailout will affect our short sales?
Hey guys how do you think this Bailout will mess with our ability to
Negotiate with Banks and Sellers? Too early to tell? Any thoughts what floor on prices will result? Are 2nd's protected by this bill? ...
Will H.
Transferring a non-performing note
Hello BP,I currently own a non-performing note under a LLC, I would like to transfer my NPN to a different LLC. Can someone please tell me on how to begin this process? Thank you.
Andrew Giunta
Made an offer on a house and the owner offered lending.
According to my real estate agent, deals like the one I encountered are extremely rare and sought after, but im a bit worried its too good to be true. I made an offer on a house and because I am doing 50% financing, t...
Tariq B.
Why Use Private Money?
Hey All,Hope your Thanksgiving found you well!Question for the masses.Why is private money, from friends and family what I hear is "the way to do it" such a good thing, when I am seeing private money mortgage brokers ...
Rachel Leonard
Using creative techniques to acquire own home
Hi,
There's lots of great info on this site so I thought I'd reach out and seek some advice on using creative techniques to acquire our own home.
Background:
We live in Atlanta but are originally ...
Solomon Morris
I just Refinanced my VA loan!
I went from sending a "hope you are doing well during this time" email to my lender to refinancing! Was able to reduce my rate a full point from 4.125 to 3.125, reduce my payment over $200 a month and save over 70k i...
Nick Mazzarese
Seller Financing - how to structure a deal?
Hello BP,can you someone provide an example for how they would go about structuring a seller financing deal on a free & clear property?
Dee Xixi
Can you insure a note on a second mortgage?
I found a great property with good income but bad cap rate for the location. Current owner over spent to rehab the small multi. The area is a c area but owner rehab for a area.
Listed for sale for over 18 months, ove...
Jimmy Oldrich
Macro blogs and online info?
What blogs and online data sources do my fellow armchair economists follow? I like calculatedriskblog.com and http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx from the loan servicing people.
Also use...