Kathy Henley
Tapping a HELOC for an 8-unit building
A first class rehabbed building looks interesting. Is it the best use for our money? It would be a step up from our 4-family in both size and location. The location is in the Central West End of St. Louis, where the...
Julie Hill
Auction advice - show me the money!
Hi all! I have my eye on a property that will be up for auction in Feb. I have done a lot of research on the auction buying process, but don't understand if there is a way to borrow the money to make this happen. (...
Jonathan Alarcon
How to Use HELOC and Refinance for a duplex conversion
Hello,I have a home that I am going to convert into a duplex.If I open a HELOC on the house before I convert to duplex will the HELOC stay open to keep borrowing against after I refinance with the higher value of the ...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...
Benjamin Ford
Using Rentals to Pay For Student Loans
I went to school and earned two engineering degrees (BS and MS). Then, being the glutton for punishment I am, I continued on to law school. This was not a series of random choices. Rather, there was a method to the ma...
Paul Bame
VA Refi- Need some advice
I am in the process of refi my VA loan, and the closing cost are taking up almost half of the equity. It just seems like a lot of fees and I am not sure what is really needed, and if there is better out there.I have l...
Eric Armstrong
WHo is responsible when Due on Sale is called?
Buyer purchases subject-to and bank calls sale. Is it the responsibility of the buyer to pay the balance of the mortgage or the seller? If the buyer can't pay, does it then become the sellers responsibility? Can the ...
Tony Cavalli
Did you make your 2013 goals?
I see a lot of posts regarding goals for the upcoming year 2014 which is great, but I thought discussing our successes and failures of 2013 will help contribute to the successes of our 2014 goals.
Joshua Dorkin
Five Key Risks of Today’s Real Estate Market
I just read a great article in the Wall Street Journal by Jonathan Clements about the 5 key risks of real estate in today’s crazy market. The risks he points to are:
1) Borrowing Too Heavily
2) Selling your property ...
Brian Kempler
Does anyone partially or fully handle foreclosures on their own?
$5k-10k is a fair amount of money per house. I also understand that a foreclosure process done wrong can cost even more.Does anyone handle their own foreclosures or is it well understand that doing so is a combination...