Chris S.
How many home equity loans can I have? I know the limit is 10 for mortgages, but is there a limit on home equity loans?
Hi! Just wondering if there's a limit on home equity loans. If not, and you have like $200,000 cash to start, could you just buy a $100k property, fix it up, rent it out and then get a home equity loan for $70k and ...
Brent Tatum
Recommendations on owner financing structure
I was wondering if some of you more savy investors could share with me what terms you would offer to a owner that was considering owner financing. The house is worth about 475k and rents for around $2200 and the owner...
Luke Doyle
BRRRING in BC - Purchasing with Cash vs. 1 year fixed mortgage?
I am currently listening to the BRRRR book by David Greene. I have listened to the advantages of buying a property with cash. In British Columbia though to buy a single family home in a market with a decent vacancy ra...
Julie McCoy
5-Plex in Florida Analysis & Input
Hey all! I may have stumbled across a deal in my hometown in Florida this holiday season and am interested in this group's thoughts. My background: I currently own two STRs that I manage long-distance, and am intere...
Ross K.
San Antonio Texas Portfolio Terms
Hey all,I'm currently looking to refinance a BRRRR duplex of mine and am wanting to get an LTV of higher than what i can get thru FNMA (70% LTV) and I've found portfolio lenders that will do 75-80% LTV, but with a amo...
Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Randy Lin
Buy & Hold
Is this a good deal?Property: Austin, TexasPurchase Price: $145,000Rent: $1300/monthProperty Tax: 2.7% a yearHOA: $0Maintenance: 5%Property Manager: 8%25% down, 3.750% interest rate for 15 yearsSFR will be completely ...
Kyle McCorkel
Letter to seller - Owner Financing: Please Review!
I've been pursuing a potential owner financed package deal for three properties, 6 units total. The seller is working through an agent. From what I know so far, the seller either owns the properties free and clear o...
Shahil Keshav
Additional payments on your rental property mortgage
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Mark Byrge
Commercial loan refi at term end
I am currently approved for a commercial loan that is amortized over 20 years, but with a 5 year term. At the end of the 5 years, are these typically "refinanceable"? Or should I be aggressively trying to pay this dow...