Good evening everyone. Hope all is well. In NEW YORK STATE, what is it called when u “Take Over Payments/Existing Mortgage”? Land Contract, installment agreement etc....? Also are mortgages assumable in New York? Anyo...

Hi. I’m new to real estate investing. I’m wondering why does the first few years of mortgage payment are usually paid toward the interest of the loan, instead of to the principal + interest?  Also, why is amortization...

Hey everyone! I’m practicing deal analysis and I’m having trouble estimating what the monthly PI payment would be. I began by trying to do the math on my primary residence, but my calculated PI is ~$170 higher than my...

I am in the process of closing the first deal using conventional financing. In the meantime, I have been looking at other properties for deal #2. I have identified a few good possibilities, however cash will be tight ...

Hi folks,I have a pretty decent credit score and want to keep it that way! But I have a question about that.My mortgage payment is due on the first of the month and I set up my checking to pay it automatically.  My em...

Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business.  She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...

There's alot of emails flying around about a buying strategy of taking a property that's upside down and the owner may not be behind on payments but needs to sell. You tie up the property, then assign the payments to...

I just received a notice from my mortgage company stating that they would be raising my mortgage payment $900 per month beginning in March because of an escrow shortage. The taxes and insurance both went up this year ...

This probably won't be an issue, but now that I am retired from my W-2 job and no longer have that income can my lender demand payment?  Also, now that I only have rental property income what are my chances of qualify...

Good morning BP,One of the things I have learned about real estate is to always make sure to calculate whether or not the property that you will be investing in will be profitable in the long run.However, I am still c...