My family of 4 has outgrown our home. We currently own our home in NJ with impeccable payment history. However, our credit is less then stellar and we are finding it difficult to get approved for a mortgage. Our i...
Hello. I am thinking about offering a friend a land contract. I have no idea how to do it or what to offer.He has a existing mortgage on it that is not very much
1.Can I take over his mortgage at his rates? If I can ...
Hello,I was wondering if using part of proceeds from sale of original property to payoff mortgage on that property can be accounted for on form 8824? Say you sell investment property A for 100,000 and you have 20,000 ...
I’d love to hear from those who are currently using creative financing strategies or those who are interested in exploring them. What methods are you finding most effective, or what are you hoping to try? Let’s share ...
Good Afternoon.Ok Guys, this is my scenario. I am going to include my real scenario with as many specifics as possible so I can get the most detailed advice, I could use it. I am 35 years old (today) and my wife and ...
Hello,
I have been working on getting some properties under contract, I have now met with a few sellers and heard no a few times. I am using a website to see MLS listings, and have noticed a few duplexes in the area...
Hey guys,I have two appointments this weekend with sellers whose homes will be going to Foreclosure on 10/1. They both have existing mortgages + delinquent taxes - I am wanting to see all options (wholesale, subject t...
This post pertains to purchasing property “subject to” an existing mortgage. Investors seem to have strong opinions about the legality of this type of purchase. However, it is not helpful for people to state their u...
Hello all,
We stumbled upon a financing dilemma trying to finance a deal.
I'm from Virginia. We're trying to purchase a SFH rental property in York county, PA. We found several properties on MLS, saw them in person....