Let's say a seller is going to be taxed on 100K capital gains.Would it be advantageous for them to accept a lower price (40K lower)and carry the note? Say over 20 years they would make an additional 130K on principal/...

Below is a letter I received from the bank I applied for 5% down conventional mortgage loan. Why they need this information and what this means to me? I have not received the form they want me to sign yet. Should I be...

Hi there,Yesterday I received a call from the water company that my building water usage was 2x the normal amount.  After researching the issue I discovered a tenant’s toilet has been broken for a month and has been l...

I'm flipping this house in Washington D.C and needed an extra bedroom. The two options were digging out the basement and adding a bedroom there or adding an additional floor and putting the bedroom there and leaving t...

Hello!

Thought some of our lending-savvy peeps here might have some insight on this.

I noticed on my mortgage statements that the mortgage is due on the 1st but isn't late until the 16th! That's a real...

Situation:Single Family Rental financed on 15 year note.  P&I payment is $330 dollars.  13 years remaining on amortization schedule.  Payoff amount is $35,000.  Interest rate is 5.25%.  No plans to sell, assume a ...

Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as Collateral
How
specifically should a private lender be mentioned on the owner's
insurance policy to a property used as c...

I was talking to someone and she said if a company receives any EIDL loan they cannot purchase any fixed assets during the time you have the loan outstanding. Should this be true, what happens to people who have the l...

We hired a company to replace our deck surface and railing. They quoted us a fair price. Under the deck, the worker added support joists. He told me, "If you call the company, they will charge you more for this. I add...

Hi BP,I am having trouble reading a listing for a house. It is a 4 bedroom currently in foreclosure. It is currently under the 2% rule but I was hoping I could offer 20% off the asking price to bring it close to 1.5%....