Brandon Lee
Subject To Financing - What happens to the loan portion already paid off by seller?
Hello, I've been watching a lot of Pace Morby videos and researching online, but can't seem to find the answer to this simple question. In a sub-to deal, you are assuming the remaining payments of an existing mortgage...
Ross Sib
Multi-Family construction financing question
Hi, How would go about financing multi-family construction project (10x 1BR units) given the following starting conditions:- I own a lot with an existing duplex standing on the lot - Lot is mortgaged, remaining mortga...
Darrell Kirby
Selling a Duplex with 2 Buyers interested
I am selling a Duplex located in Ecorse Michigan. I received 2 offers. They both want all tenants out and I am currently going through an eviction with the remaining tenant who were both not paying. I will have to pa...
Brandon Rauscher
Seller financing questions
I have a home owner that would like to sell me a property via seller financing in IL. I'm coming across some difficulties structuring the deal specific to IL laws. Can anyone lend a hand?
Jonathan Ahle
Refinancing a new property
I’m looking for advise on my first buy. I’m going through fund and grow for my funds at the moment. With this I’ll be able to use cash and possibly get a better deal. My question is, since I only have 12 months to pay...
Amie Perryman
Looking for hard money or partner in fix/flip
I have a property identified for a fix and flip. Purchase price is $75k and reno estimated at $25k. Looking for about $90 in a loan or partner. The after reno value is estimated at $165k and current market value aroun...
Khalil Hakim
Double Closes at 10% down
Does anyone have knowledge of double closes (wrap around mortgages).. What do you feel about 10% down by the second closer?
Do or don’t do question..
Jon Fechter
Loan Payoff vs Cash Flow
I am currently renting my old primary house that I didn’t sell when I got married in 2013. The expense on the house is $1335 and the rent is $1775 I owe $85k. The house has a new 25 year roof and I replaced the HVAC...
Josh Shapiro
Note investing during a downturn
The note investment space intrigues and I’m brand new at this. In a market downturn, is it a bad idea to buy notes? Or is it best to wait it out? I understand that property values and equity drop, so given that clim...
Gary Burnham Jr.
HELOC mortgage payoff
I would like some feedback on a strategy to payoff my mortgages and free up the cash. Mortgage #1 pay off using personal cashGet a ELOC on prop#1 to pay off mortgage #2 and then get an ELOC on prop#2 to pay off #3 wi...