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Hi,i own 590k on my primary residency and its worth bout 1.5mil. Mortgage is $2500 per month, and we take home after taxes 11k per month. credit score around 750 ficoI have about 250k in debt that its keeping me up at...
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Hello all, I just stumbled upon a listing in (of all places) the local newspaper classifieds. The guy said he would be willing to sell for 45k w/ seller financing. I could buy the property conventionally but I'm in th...
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My wife and I recently came across a great deal on a piece of land in a great family town that we would love to build on home on. Long story short the land is not zoned for a home at this time and the seller is giving...
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I currently own 8 rentals, with 4 of them with mortgages under my name, and the other 4 with mortgages to my company name using private money with high interest ( they still cash flow so I don't mind the high inte...
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Hi everyone - quick question for you. I'm going to purchase my first multi family investment property in Florida. I am trying to decide whether or not I should go through a traditional bank (JPM), a morgage broker, or...
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Since I don't have enough cash in hands I decided to use money from my 403(b) retirement fund. I created a self-directed IRA with a custodian company. I don't have too much into my 403(b) either, only $60,000, not eno...
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Situation:
A family is looking to rent a larger single family home for up to 2 years (international family on work visa until end of 2013). They currently rent at $2400 per month in my sub-division and want to rent i...
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Hey guys, I'm back with another 4 plex eval...I know it's not as good as other areas but I'm really perplexed with what to do. Some of you will talk sense into me I'm sure but that's why I've come here! Curious to h...
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Hello all, I’ve been trying to find an answer online but no success. I figured with all the wisdom in these forums, you all would be a great resource to this answer this question. I have an opportunity to purchase an ...
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I am curious, have you used an interest-only mortgage product for a deal? If so, why?