Hi bp,Wondering if I'm understanding offsetting piti with rental income correctly.  If you have a rental property that is NOT owner occupied for over two years, and if it cashflows positive the mortgage payment is off...

When you do a Subject To purchase I know that you are changing the title from the existing owners to yourself and are taking over the mortgage payments.  If the monthly mortgage payments escrows for Property Tax and I...

Seller is offering to sell his house. The sell price is lower than the value of house. Seller wants me to take over his mortgage payment as soon as we make the deal. Also, he has given me an option to pay (sell price ...

My husband and I are looking at pulling money out of our home with a HELOC to fund the down payment on a STR. I am very confused and could use some help understanding fully. **I am going to use simple numbers but ones...

I have an opportunity coming up to acquire a multi-unit building from a neighbor who inquired if I was interested in purchasing the building. I’m not sure what they are thinking of from a price point, however if it do...

Looking to refinance my personal home before starting to invest. Currently owe $585k and six years into a 30 year mortgage @5.25%. Rates have obviously come down. What makes the best financial sense? Taking out a 15 y...

I have been brainstorming what I believe would serve as a dual strategy to play the rental property game the right way. Combining a 1st lien HELOC in lieu of having a mortgage. The advantages of a HELOC over a mortgag...

I am 24 years old and in contract on my first real estate deal which is a duplex in a B neighborhood where I will be occupying one side and renting the other.  Purchase price of the duplex is $185K and will need rough...

I had closing on April 11th and 1st payment not due to June 1st.Is there a reason I need to wait over 1 month and 2 weeks to make my first mortgage payment.Thank you

Hello all. I have a couple quick questions: I’m in Michigan and we only do land contracts for wraps or seller finance.Scenario: If a seller owes 40k on a mortgage and the ARV is 100k while he’s 16 years into the loan ...