John Vang
Homeowner's insurance question (FHA househack)
Hi all, I'm in contract on a house hack, using an FHA loan. My lender's telling me that I need to make a one-year, advance payment on the homeowner's insurance to the lender (which holds that one-year payment in esc...
Ryan Denman
15 Year vs. 30 Year Mortgages on Rental Properties
In my market (Denver metro) properties are pricey and the amount of money that could be saved on interest for a 15 year vs 30 year mortgage is significant. I am thinking that properties here would be best utilized by...
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My soon to be First close - what you think
hi all
I think I have found a good prperty investment and would like to know your opinion.
listed at 310000
taxes for 06: 3300
my loan: 80/20 6.9%/9.9% (eliminates PMI)
what other numbers are necessary are a determ...
Will Jimenez
How to Structure an owner financed deal?
Have an opportunity to buy a property which ARV is between $85K and 90K. Seller has a HELOC of $65K with payments of $645 a month. The house needs approximately $20K worth of renovations and I believe I can rent it fo...
Franklin Romine
Bought 1st Mobile Home Park in CA...Collecting Rent and Fines
Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
Lesley Ray
Seller Financing deal analysis
Hi everyone! I have a seller financing deal and that I’m trying to analyze and wanted to get some feedback. Details below. Buyer to pay $4000 toward commission at lease signing and seller to pay remaining commission ...
Ruben Pereira
Does refinancing still help me BRRR?
Hi BP, I called the lender on this property and they offered only a $34 monthly reduction after refinancing, I wanted to BRRR this house but I don't know what I'm missingWhats an average % reduction of mortgage payme...
Stephanie Barcia
Lease purchase option?
Hi. We currently put our home up for sale. A couple wants to purchase it, but asked if we would consider a lease option while they attempt to sell their current house. We are open to doing that, but what percentage do...
Bob Drew
Tenant paying 2 months rent in advance. Should I accept it?
My tenant in l sent rent payments for August and September in advance (he made the payment on July 26 and the August rent wasn't due until July 31 and September rent isn't due until August 31). Reasons he stated are n...
Bob Malecki
Suggestions needed to get performing borrower to pay late fees?
We purchased a first position NPL on a single family home in Charlotte NC a few years ago and did a loan mod with the borrower. He was paying consistently until last Spring where he missed 2 months of payments then st...