Matt Leonard
Cash-out refi on primary, to pay off/down rental ARM?
This makes sense to me - but would love anyone else's feedback. Thanks in advance!I am in process to cash-out refi my primary ($850k value, $240k owed, 3 years in on a 30-year fixed at 3.75%) - at a 30yr fixed at 3.4%...
Alipate Moleni
Creative Financing Challenge: 850k 4 unit
I'm looking at an 850k 4 unit property which currently brings in 7k rent. I don't need help analyzing this deal; I'm looking for ideas on how I can finance this purchase and end up sole owner.Here's what I have:115k H...
James Andrews
Buying Subject To Existing Mortgage
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Kimberly Brereton
Complex situation advice needed
Hello, This is my situation,
1..11/08/08 my husband of 4 days died, we were married in the hospital. He felt things would be easier for me to deal with after his death if we were married
2..He owned ...
MJ Smit
How can I list my lease option on the MLS?
I am a realtor and I have a lease option on property and I am marketing for a tenant buyer to do a sandwitch LO. I have it on Zillow etc but also want to list it on the MLS as a rental (with option to buy) because I a...
Hunter Woolsey
Is it smart to refinance right now?
I have a refinance question, My first rental that I bought is a 3/2 that I currently owe just under $30,000 on. I have owned it 5 years, and rent is $900/month. I am in the same boat as most people as the down payment...
Tom Seigold
What formula is used by lenders in calculating P&I?
Seems like it should be a simple formula, but my googling is failing me... I'm trying to figure out what a lender uses to calculate the following:Inputs: mortgage balance (after downpayment), interest rate, and loan t...
Gunnar F.
Financing a home for my Handyman... Tricky Situation
Hi, all.My handyman/property manager lacks the ability to get home financing. Years ago I agreed that I would buy a home under my name, rent it to him, and figure out how to transfer title to him or to his young son w...
Jean Meier
Property Managment Problem - RPM Investors, Inc.
I ended up with RPM Investors, Inc. principal is Tim Rezek as a property management firm as they were the managers for two investment properties I purchased in Milwaukee. Since they had not sent me any rent receipts...
Dan Griffin
Being in first position on a loan -- what is the process of foreclosure?
Can someone explain the process to me of what happens if I lend money to someone and they can't pay? I would be in first lien position.
Do I go through a long and expensive foreclosure process, or is it rela...