I was wondering about the line of lien payment when a note is purchased. I was under the impression that when a note is purchased and there is a 1st mortgage on it that I am, as the note holder, still 1st in line if ...
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Hi fellows - I actually have access to $100k of personal line of credit. Wanted to seek your thoughts on what'd be the best way to use this credit? I already have one investment property and am exploring to expand my ...
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I’ll try to keep it as detailed and short as possible if that’s possible. My plan is to house hack for the next 4 years taking advantage of the FHA loan benefits. Right now I have a 700 credit score and should be able...
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I am currently under contract for a 5 unit multi-family. It's in a small mid-western town near Cincinnati where rents are good and increasing due to housing shortage. The small town also has a weekend/seasonal draw fo...
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Has anyone used Business lines of credit to purchase any of their rentals? If so please share your experiences with doing so, and what would you do differently?
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We have an opportunity to purchase 5 lots in a single subdivision (off market) four of which are vacant and one has a partially finished spec home (closed to the weather) that is currently under construction but won't...
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Hi All - First post. Hope I can get some immediate advice as I have a potential buyer lined up. I just purchased a condo with all cash as an investment property. I was going to use it as a rental and then resell it la...
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I have been looking around at the REO's and found some good deals. What I'm trying to do is buy REO's/foreclosures and fix them up and rent them out or sell them down the line. I was wondering in Illinois is there any...
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I own a 2 family out right that’s worth $300k. No mortgages. I also have zero personal debit besides a $400 credit card. Credit Karma says my score is 675. I recently open up a business for Electrical contracting and ...
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I am in the process of purchasing a single family home that appears to encroach on the neighbors property by about 2ft (2ft into the neighbors property and about 15ft long). Both the lot being considered and the neig...