Ritu Desai
Doctor with Great Income but 8 Months to Bankruptcy-Seeking Fin
The buyer is very much interested in purchasing a $950K home in the Northern Virginia area. They are seeking private investors for financing. He is a physician with great income, a 5% downpayment, and had filed bankru...
Anthony Portugal
Purchasing first rental property under LLC with mortgage
Hello everyone,I've been an off/on lurker here for a couple years and an aspiring rental property investor. After finishing grad school a few years ago and building some capital, I'm finally in a position to potential...
Sam M.
Is there any reason not to pursue a SS where others have tried?
I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...
Peter Martinson
Question about BRRRR - Don't you go DEEP into debt with this?
Hi, this is something I figure will get answered the more I study (reading Greene's BRRRR book now), but thought I'd take the shortcut with you good people.I feel like BRRRR is pulling a fast one. Third R is refinanc...
Kate B.
Wise to Pay Off Credit Debt Before 1st Investment?
Hello,I'm a newbie when it comes to real estate investing. I'd like to purchase my first investment property in the next year or so and am currently trying to do as much research as I can to get prepared.I'm conflicte...
Albert Johnson
Need help using HELOC to buy investment property
Hi I am new to this. I am currently in the process of getting approved for HELOC. My question is can I use HELOC to put as a down payment towards another property even if my HELOC is less than the property I want to b...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Trevor J Dammon
Question about equity and refinancing
Hi all,Newbie here, trying to understand the math behind refinancing.When I refinance a property to fund a new property purchase should I count the debt against the original property or the new property?The question i...
Mary Jay
Question about qualifying for a mortgage
Hey guys,So I was talking to my mortgage broker today and he said that my debt to income ratio will be better if I sell my paid off property.Its rented and brings in $550 per month in rent minus taxes/insurance, so I ...
Jarlen Martinez
Refiancing
Here my situation I'm recently filing for divorce, I own a real state property in which is currently paid off and worth about 85k. My ex wants me to buy her out at 35k, due to the fact that I'm filing for divorce my c...