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Hi, Question on whether or not we should apply for another HELOC and how that may affect our ability to refinance into a conventional loan later on.We currently have a $150000 HELOC based on a few rentals. A little ov...
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Short sale is a topic that has created a big time career for a good number of real estate investors. It has also been used to save lots of homeowner out of their real estate dilemma.
Short sale in Real Estate is ofte...
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Hello everyone!My husband and I are looking to rent our house and will be managing it on our own. We have multiple rentals, but have always had a management company, so I am somewhat familiar with the process, but als...
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Hello all,
We are just staring out, closed on our first rental property in January and waiting to close the second. Our plan for the the first year was to purchase two cashflowing properties, then use the cashflow ...
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I am selling my owner-financed condo. It is currently under contract. Buyer wants to assume the owner-financed note. My owner wants a lump sum payment. I agreed to owner-finance in second lien position if my buyer ...
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How do I calculate the net worth of an owner financed property?
I'm the party doing the owner financing.
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Is it as simple as as the borrower (obviously) you'd negotiate for interest later and as the note/mortgage holder the converse, interest first? Or is there more to these types of terms?
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In an effort to get this new forum started, I thought I'd start with a post that should be easy to discuss given some of you residential folks might have a commercial multi-family property or two or be looking for one...
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First, I am anticipating this scenario, it hasn't actually happened yet. I purchased a house 18 months ago with seller financing and theres a 24 month balloon. I have a buyer for the property now. Based on emails with...
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What happens to existing HELOC when u refinance? I'm thinking I should take advantage of the all time low rates but if I do will my HELOC have to be reapproved?