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hi, I have a investment property that is a 2 family that has no mortgage on it. I would like to take to do a heloc or line of credit but I am unsure what are my options. im current investing in Cleveland ohio. also th...
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Hello Everyone!New and hungry investor here. I am wondering if anyone knows of good small community banks or credit unions in the Maryland, Washington DC, Virginia area (preferably around Silver Spring-Bethesda, MD)? ...
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It seems there are as many as 100 different credit scores. I would like to know my mortgage FICO without receiving and inquiry on my credit report. What is the best way to do this? I have a couple of credit cards that...
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Hi, can someone explain this to me? Basically give me an example of say a $100,000 home and how this is wise to use that rents for $1200-1400. Verse other loans. Or why one would choose DSCR loan / interest only pa...
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I have a class A SFH property. Some of the screening criteria’s include 3x income, credit score of 680, good credit history, no eviction, background check etc.I’m getting applicants who are using section 8 vouchers — ...
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Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...
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I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
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So I am pretty sure I know what the answer here is going to be, but here is my first dilemma as a new landlord. Took a few applications the other day. Two qualified groups of tenants. Both groups of 4 young adult roo...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jersey City.
Purchase price: $600,000
Cash invested: $65,000
This is a multi family home investment where I negotiated a p...
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I have a rental property in which my tenant stiffed me for more than $8,000 for stealing, damaging property and late rental payments. My rental agent filed against the tenant and I received little more than a $4,000 ...