Dimitry Moltoff
Non-Arm's Length Transaction and Clouded Title in Default
My parents received a notice of default (NOD) on their mortgage several years ago and then filed for bankruptcy which cleared several judgement liens from the house, leaving only the secured mortgage loans. After ban...
Tony Lee
How soon can you refinance on a home?
Hi all and Happy Thanksgiving :D
Hope you all having a wonderful Thanksgiving with family.
So I just recently put down 20% toward an investment property and need money for my next project and would like to know "Ho...
Richard Duane McClellan
Closing Thursday, underwriter denying loan
Hi Bigger Pockets,I ran into a problem yesterday with my first investment property that I am trying to purchase and I need some advice.Situation:The underwriter for my conventional loan is denying the loan based on th...
Andrew Barrett
Unpopular opinion? 15 year vs 30 year mortgage
Thoughts?I am trying to explain that because I’m 25 and make $200k-250k a year (mostly from flips) that using a 30 year mortgage on my 1031s for the 2-3 rentals a year— makes sense?they are insistent that 15 years is ...
Robin Simon
Are DSCR Loans Still "Worth It" with Spiking Rates?
Hi all - figured I'd share a thread recently posted on twitter running some numbers on whether DSCR loans still make financial sense in the current climate of spiking rates. Would love any feedback or thoughts, parti...
Noelle Quinn
Best Cash Back Credit Cards for Landlords
Hi All,I have been trying researching the best cash back credit cards to pay my property expenses instead of using my personal credit card and bank accounts. My brother and I share a couple of small investment propert...
Chris Schmitt
Deal Analysis, First Condo LTR
Looking for some advice if this is worth it or not. Looking at possibly purchasing a LTR condo in Florida. Something turnkey in an “A” neighborhood as a passive way of diversifying assets. Not looking to expand to ...
David Denney
Please advise- no cash - great deal
Need advice on a single family rental. My parents bought the hime for 57k. My father and I completed a full remodel. He now has 70k in it. I helped him get it rented- 1200/ month.My parents have decided to offer the h...
Bob Asad
How to Calculate if Duplex or SFH Has Positive Cash Flow?
Any calculator or rental calculations that you recommend for Duplex or SFH to analyze if they're worthy of buying for positive cash flow?For example, there's a 1950 duplex for sale (West Palm Beach, FL) for $500k with...
Chase Brumfield
Construction Loan Exit Options
Hi folks,
My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.
Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the proj...