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We are thinking about renting our 3 bedroom apartment to a family (2 parents and a 20 year old child). The family just sold their house and received approx $200k from the sale. Seems like they moved out due to finan...
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Hi BP! We are getting into our third inherited tenant but this one is a little different. The tenants have been month to month for 12 years and do not have a lease at all. I don't mind leaving them month to month beca...
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Currently I have rental property which is rent out for $1500 per month. The house is 15 years old. I have $89.000 15 year mortgage (5 percent interest rate monthly payment including insurance is $1300) for that second...
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Is it possible to underwrite seller financing deals in Michael Blank calculator?I need help on a seller financing deal offer I am putting together. It's a 12 unit apartment building. Each unit is $700 rent, insurance ...
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Well I had the mindset on buying my first single family home and living in it with the intention of renting it out to tenants in the future. But after hearing the advice of the people here I have changed that mindset...
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I'm trying to wrap my head around whether a HELOC is a good idea for an investment property. I applied for a HELOC and got a "counter offer" for a HELOC - Interest Only. Is this a good strategy to use for making dow...
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I've heard that FHA loans are a good place to start for beginners because of their low downpayment. However, I'm confused on how lower down payments help those with limited capital because the monthly payments are con...
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So as I understand it, in the state of Maine a tenant needs to be 15 days past due on rent for it to be considered "late" before a late fee can be added to the rent. https://ptla.org/rights-maine-renters-paying-rentWh...
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Hello, I have two offers of refinance on my primary home and cant figure out which one is better. I am confused about the APR.
Loan amount:650k
First offer:
Interest rate: 2.75%APR: 3.011Closing cost: $1450
Seco...
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hi! Im in southern ca & i know this question has been asked several times in the past but I wanted to ask if anyone in the Last 6 months has used heloc money from their primary residence as the cash needed for 20%...