Andrew Yu
App/Site that Does Automatic Adjustment of Loan Amortization
Hi, I have some properties sold with seller finance. Sometimes tenant buyers pay extra here & there. I would like to automate my loan amortization adjustment. Is there a tool that I can use for this purpose? Like ...
Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
We are Private Money Mortgage Lenders. We use a loan servicing software that has a monthly subscription. What are options for having our investors pay their share of this monthly fee? Thanks for any input.
David Moore
VA IRRRL hacking question???
I’m a veteran that is currently under a VA Mortgage Loan for my primary home. Right now I’m in the process of acquiring a VA IRRRL for my current house to lower my payments. Can I utilized a VA loan to get another pri...
Chris Roche
BRRRR Cashout refi, minimum 6 months?
I am researching buying a property using the BRRRR method. My strategy will be to buy using hard money, rehab using my HELOC (lower interest than hard money) and then cash out refi on the back end. Two Questions:Do ...
Lamont Marable
Apartment hacking in Baltimore with a Twist
Quick question: We want to do a "house hack" with an apartment building. Simple right! Here is the twist! Can we still get the 3.5% down if it's structured with my friend being primary on the loan and myself secon...
Scott Neal
Cash out refi help on rental
I recently purchased a SFH about 4 mo ago. I’m almost finished with rehab and plan to rent out. I want to pull out my cash invested in a mortgage. I’m in for $140k cash, no current loan, Home is worth $225k easy. Wher...
Jennifer Nowak
Private lending rates
Has anyone been a private lender or know if the interest rate is capped on private loans? Thanks
Robbie L.
Debt service rule if thumb?
So I love the 50% rule for scanning listings prior to modeling them in a spreadsheet.
I understand that the NOI is the money left after expenses, before debt service.
I find myself wishing I had a conservative rul...
Tristan Cottarel
How Does Purchasing a Property with an LLC Work?
Hi all,I'm a bit confused here because I've heard all sorts of things.Most books I've read tell me to purchase rental properties with an LLC. I spoke to a mortgage broker who said an LLC can not get a mortgage, it wou...
Andy Wu
How to get my wife involved more
I bought 9 rentals in last two years. 8 of them are single family house in good area. In average it meets 1% rule. Now I have 10 loans on my name, my wife do not want any loan on her name. I already told her that I w...