Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...

I listed my rental property on Zillow and received a completed application from a prospective tenant who's credit score is 524. Rent for the property is $1600 per month and per the credit report, tenant has a total de...

I am about to purchase a SFH that cash flows just a bit with 35%-40% down.Moving forward, I am deliberating between 2 strategies regarding paying down the mortgage (6.85%) and would love to hear more experienced peopl...

I recently purchased a SFR in the Emerson Heights area of Indianapolis for $39k. I know that a house just a couple of streets over is under contract to be sold by another investor for $65k, and the appraisal came back...

Hey BP,Im looking to purchase a 2 Family home which I plan on residing in and renting out the other unit.  I was going for an FHA loan with 3.5% down b/c i didn't want to tie up my money in this one property as I am p...

I have an owner finance offer in my property below and not clear how this would work.1) Are they saying that I will be fully paid in 5 or 8 years? So the monthly payment would change later on? I guess that’s what the ...

What’s a Wrap-Around Mortgage Loan?
A wrap-around agreement is a type of secondary mortgage financing and involves the buyer paying the seller directly for a residential property — often at a higher interest rate t...

My mortgage coupons state that the payment is due on the 1st and after the 15th a late fee will be assessed. I started to pay them on the 14th, however, I received a voice mail from the bank that the payment was late...

Has anyone used creative financing successfully in Ontario? I met with a mortgage agent to discuss options they had available. I was thinking of proposing seller financing on a couple of investment properties in the a...

Hi Guys I am working on a deal in Providence RI. I have a seller who wants to sell me his house because he can no longer afford the payments. We agreed that I would give him 5k down and 5k every three months for a yea...