I am contemplating to make a loan from my solo 401k to a friend.
The loan will be secured by the property.
I would be interested in a word of wisdom on how it is properly done to avoid trouble with IRS and/or loosing...
I get that you're assuming someone's mortgage. So you just start making their payments and that's the only cost?Then you act as the bank and owner finance the property to someone else, while collecting a down payment?...
In 2005 my ex and I bought a property under his parents name.
He no longer wants to pay for the loan. I am willing to keep paying the mortgage as long as I am protected.
I was thinking of making a rent to own agree...
Hey Everyone!
So I went to be pre-approved for my first investment property, but was denied by 2 lenders because the property would put my DTI too high. I have good credit and enough cash for down payment and closin...
My credit repair guy just told me that the owner of the property I want is willing to consider selling on a land contract. My credit is 580 based on Equifax's FACO, and the seller has been lenient so far in waiting f...
I have a mortgage on my home through rocket mortgage. I received a letter say my payment is increasing do to the mortgage insurance increasing. Is this legal? I’m assuming it’s because I have a 2.75% interest rate and...
I purchased a HOA lien recently at the county auction and have taken possession and rented the condo, now I would like to at least attempt to negotiate the payoff amount with the bank that owns the first mortgage. The...
The house is paid off.
Investment house. Local bank said they cant provide but can provide a 5 year fixed rate which would start right away which i do not want to do.
What bank can get me a line of credit? I am ...
Hi All,My question is a little complicated but I am sure (or at least hoping) i am not re-inventing the wheel here :).I went into a deal (flip) with a partner. We purchased the house at $500K ($495 to be exact), under...
Hey Everyone,So my girlfriend's mom is looking to sell her home right now and we are interested in buying it. The house was originally purchased for $120,000 and after remodel can sell for about $150,000. Her mom ha...