Steven Frey
Extra money - focus on 1 of 5 mortgages or a little for each.
I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...
Craig A.
Can mortgage payments be made out of sequence?
I sold a home to someone I know. I am carrying the mortgage. There were no agents involved and an attorney drew up the papers. But now she's out of business. The buyer pays me twice per year (two large payments, one e...
Kamyar Farhang
Deal analysis question
I saw a 4 beds 3 baths 2121 sqft property in good neighborhood with the following numbers:
Asking price $385,000 Average Sold Price: $385,250.00 Average Cost/SQFT: $207.56 After Repair Value: $436,143.71 Repairs: 10...
Pat Jackson
Favorite amortization schedule for seller-financing
I've heard some say the rule of thumb is "short as possible". Others just go out to 30 years. Still others figure out a realistic monthly payment, work back from there, and have a unique schedule like 21.75 years (2...
N/A N/A
First Investment - Seeking Experienced Advice
My business partner and I have been working for 3 years saving up money to make our first down payment on a Real Estate Investment. I have been working as an electrician and my partner has been working construction. ...
Rick T.
Need Management Software- Special Criteria
We need a new property management software and need suggestions please. With managing 300 apartments with Buildium, at $300 a month, is too expensive for just keeping track of the income side and running a couple rep...
Dale Miller
Is a HELOC a good choice in todays....
Is a HELOC a good choice in today's market with such few supply and greater demand. the buyers with cash offers are usually the winning bidsWould probably give you a quicker transaction and more leverage when negotiat...
Jesse Valle
Lower payment (primary) or investment and higher payments?
Hello,I’d like to become a real estate investor and I have approximately 70k to play with. However, I’m debating between 3 main options:A) Buy a primary residence with a higher down payment and lower my monthly mortga...
Paul Kuhn
Convert a annual lease to month-to-month upon lease violation?
With the nonstop eviction moratoriums, is it possible to write in a lease for an annual lease to convert to a month-to-month lease upon any lease violation? Making it easier to not renew and avoid the eviction morator...
Michael Dunn
Lender/Qualification question please.....
I haven't gotten a exact answer so far, but was told that I need to have a paper trail of 2 months time, showing that I have saved in my bank account ( 6 months worth of house payments ) So, since I have 1 and half ...