Connie K.
Homeowner in foreclosure ongoing lawsuits against mortgage holder
A homeowner has been in foreclosure for a couple years and has filed motions against the mortgage holder, its counsel and mortgage advisors asserting that they did not have legal authority to schedule a sale, that the...
Michael Rosenson
How 2nd liens come into play
A newbie question here but I'm having trouble finding this information clearly spelled out somewhere: What exactly happens when a 2nd lien is established on a property? Does the borrower now pay two separate mortgag...
John Smith
LLC business structure and qualifying for a mortgage
I have a LLC that i use to rent properties. In a couple of years i want to use income derived from that to help qualify for a mortgage. How should this be structured so that i can properly use that income? This is ...
Jason Schmidt
Freddie and Fannie stuff scaring me - what to do?
what does this government bail out mean to us? Should I put a hold on looking at property? Should I stop trying to pay down my house? Should I consider pulling out the 25k+ equity i have in it already? What do you...
Robert Mack
Items to Research Before Bidding At Auction
I am currently in SWFL and as some may know a lot of properties are getting bid up, some with as many as 50 or so bids on one property.
I came across a wholesaler who is buying properties at the auctions steps and the...
Modeste Tchakoua
LLC with single member VS Individual? Thoughts?
Dear Experts,
Thank you for reading my question. I would like to ask if there are any advantages of using a single member LLC Vs. putting ones personal name in a property. From my reading, the opinion is that you can...
Thomasina Pearce
getting approved for conventional loan as contract worker
Hi BP family! Are there any investors whose primary source of income is 1099 or other contract work? If so, any tips on how to appear as stronger candidate for conventional loan? Especially if your income fluctuates m...
Marc M.
LLC's and 2nd Position Mortgages against Senior Position
If I personally own a property (I'm on title and I have a conventional mortgage), can I use an LLC that I own to give me a second mortgage against some of the equity in the property?And then....if the senior position ...
Account Closed
Re-fi of rental property previously primary residence
I am the current owner of 2 rental properties, not by choice. I lived in a single family house and when I got married we moved into my wife’s condo in a much more desirable part of town. So we rented the house. The...
Katharine Chartrand
owner financing question
I have an $190K investment property with a 4% mortgage with a 140K balance.My realtor recommends selling it as owner financed. The stock is low for owner financed properties. A deal that would make sense for me woul...