Avery Pemberton-Smith
My first investment
I'm thinking of buying this place and updating the kitchens and appliances to increase the cash flow. It is a duplex with 5 bedrooms 2.5 baths on one side and 3 bedrooms 1.5 baths on the other with a 1 bedroom suite i...
Maria Teo
What do you pay yourself or let your property manager pay on your behalf?
Does your property manager pay property taxes and mortgage on your behalf?All rental property expenses paid through the trust account I have with my management company, including property tax and mortgage. I like havi...
Marven Alceus
Trying to understand Real Estate Notes.
I think I have an understanding on what notes are but please let me know if I'm wrong. If I get a mortgage for a property that mortgage document is the note.Now I have the option to sell this note.Question, so if I ha...
Nick Rutkowski
NY suspends mortgages for those in economic hardship
https://therealdeal.com/2020/03/19/cuomo-suspends-foreclosures-and-mortgage-payments/
What I gathered was if you fall on financial hardship and live in NY you can now ask your bank to modify your mortgage. You can ...
Jim Growfer
How to figure out my Debt Coverage? 7% factor?
Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
Trent Reeve
Today's market profit??
In today's market in my area, i can find some sub-$300k houses, with mortgage payment about $1,000-1,100 (after 25% down payment) would profit around $350-500. but my down payment would be from a Heloc, so after int...
Timothy Morales
3rd mortgage too risky?
Hello everyone! I am looking to get started in real estate investing and need some sound advice. I bought my house in 2018 right before the market boom for 369k and did a cash out refinance in 2020 when the rates drop...
Judy Parker
Commercial Lending
Hi,
1. I make 40k a year, would I be qualified to get a commercial loan?
2. How is commercial loan different than personal loan?
3. I already own a house, mortgage is 1400 per month and someone is paying 1600 and I w...
James Whitehead
Portfolio of six homes, worth the investment?
This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out o...
Devang Teewar
Need Advice from Investors
Hello Investors, I jut got to the bank for my mortgage pre-approval to see how much I am qualified for. And to my surprise as with the new rules, they do the stress test or qualify at 5.14% interest rate and looking a...