Benjamin Z. Pickens
Best option for Exit strategy.
I purchased my home using a VA loan in 10/2017. Just over a year later I went through some personal issues and relocated thus renting the house to tenants. Tenants want to buy the home and are unable to get or are ot...
Shamus Quirk
If I owner finance, does the seller...
Keep their name on the mortgage? Do you go through a closing process to transfer the title or just pay the seller monthly as agreed upon in a contract you would draft up?
Account Closed
Acquire debt?
Hi every body this may seem like a typical newbie question. But what does it mean to buy property to acquire debt and to invest your money instead of paying down the mortgage into another property? Can someone explain...
Zach Ziskin
Question about purchasing a property at IRS auction
Hi all,
I live in Florida and the IRS is auctioning a property that I'm interested in purchasing. Based on my due diligence there is no existing mortgage, and the only recorded judgments or encumbrances agai...
Raynard Simmons
Near Future Investor Question
Hello BP,
New to the site and the world of REI. Wanted to get your professional thoughts or recommendations on my current situation. Any feedback would be greatly appreciated!
I am a current home owner who is in the...
Quynh Larimer
Rental Property or Fix n Flip?
Hello everyone, We have about 60k saved up to invest and we might get pre-approved for up to 180k value on a SFH due to our existing mortgage and limited income. However, the average house value in the area that we'd ...
Daniel Soovajian
HELOC on cash purchase?
Is it possible to purchase a home outright for cash, get a HELOC on it to get $ for renovations, then get financing on the property after paying off the HELOC? Not sure if HELOCs are only available on homes that have ...
Larry Douglas
United funding corp?? SCAM or NOT
Has anyone ever worked with United funding corps. It looks to good to be true. I appears to be a place for owner financing or you just take over the loan. Example--- 11,995 down includes all ATT. fees 1,990 month in...
Allen L.
Selling a home and assigning the mortgage
Hi all,
Given that we're in an rising interest rate environment, I think an additional value that we can extract when we sell investment properties to other investors is to assign our existing mortgage to someone els...
Seth Sigmon
Cash Out Refinance.
When doing a cash out refinance at 75% on a home valued at $150k, you would walk away with $112,500 in cash AND your new mortgage on the property is also $112,500? Is this correct? I want to make sure I am understand ...