Tim Mcbee
Assumption with a unpaid balance
I was driving for dollars recently when I found a great opportunity for a rental.After a week of search and calls I found the home owner. He attempted to put the home under bankruptcy about 2 years ago and it "fell ou...
Account Closed
Pre-approved for FHA loan but estimated monthy payment does not sound right
I have been pre-approved for a 100% FHA loan for up to $70,000. It would be 3.5% down, however, the estimated monthly payment she quotes me does not sound at all right. Note: This is a 30 year fixed.
P&I $304.70...
Cherie Sullivan
Pre-Auction Opportunity
Hi All, I may have an opportunity to purchase my first investment property. A friend of my fathers home is going to be auctioned on the courthouse steps 5/5. She is pretty desperate for someone to buy it before that ,...
Mike Stahlman
Lease Option / Rent to Own
I am looking on BP for someone to link up with and discuss something I am not firmiliar with. I am wiling to work with someone on a couple of deals to learn. A short portfolio of me is on the BP web site https://www...
Anthony Campanello
How can I determine which financing option is best?
Hi Everyone,
First post on BiggerPockets so I hope I'm not overstepping with the question.
I am trying to compare two financing options for a 4-plex in NJ. The property itself is a vacant 4 unit that, after rehab (~...
Michael Filipidis
Think I can refinance?
Recently purchased my neighbors property doing a seller financing deal. Originally he wanted 115k but after months of putting him off and him wanting to sell it and retire far away, I dragged him all the way down to 8...
Matt M.
Worth it to pay double and have mortgage paid off in 15 years, or ride out the 30 years
Is it wiser to ride out the 30 years... or should I double-pay and be ready to make more profits in the 15years?
Nick Matteson
Do you count the principal paydown portion of the mortgage payment as an 'expense' or 'income' or 'neutral' in your cash-flow analysis?
Isn't it just cash directly into your net worth?
When everyone talks about clearing $100 a month for their rentals are they counting principal paydown as part of income or expense?
Tracy Z. Rewey
12 Days Of Note Investing - Day#4 The Self-Directed IRA Buy
Notes are an excellent option for the Self-Directed IRA. This provides access to capital and takes advantage of earning money tax deferred or in the case of a ROTH, tax-free!This concept allows us to aggressively purs...
Bobby R.
Flip the house or the note?
One of my yellow letters went to an owner where it's listed w/ an agent (he called me). The sellers want what the house comps for, let's say $100K. There's a buyer already in the house buying on land contract that d...