Ryan Wamsat
Would you sell this property?
I bought my first house in 2004 for $209k. By 2009, I decided to move in with my girlfriend. At that time, house prices hadn't recovered yet. I was far underwater, so I decided to rent it out instead of selling it....
Jeremy Corcoran
To sell or not to sell...
I have a SFR that I have owned for 7 years and rented to the same tenant for 4 years. It's the only property I own. I owe 90k and near as I can tell it would sell for about 120k. The mortgage payment is $625 and I'm r...
Charles Stubblebine
HELOC
I bought a SFH in 2011 in Delaware using VA. Since I am in the military I was transferred (PCS'd) to a new assignment in Florida. I rent the SFH out in Delaware and I bought another SFH in Florida using VA again. I wa...
Account Closed
Does a wrap mortgage have any equity?
Hello BP, i know that in a subject-to the investor gain equity if the asset is greater than the debt of the seller mortgage and own the property. However in a wrap around mortgage from a subject-to transaction, the bu...
Paul R Schiller
Investor pay-back structure
Hi everybody :) ..... I currently own a 15 unit building and am currently seeking more properties. Since I didn't use any outside investors on my first one, I'm looking for some feedback on the next purchases. I hav...
Mark Meade
NEED SOME EXPERIENCED INPUT
Hello All. I am New to Bigger Pockets. I am 20..in college in Texas. I have been wanting to get into Real Estate for the past year or so. I am now in a place where : My grandfather is going to sell me his hous...
Becca Blackwall
I really want to purchase a rental, but not sure how I should fund it.
I've been combing the market for a long term rental, and there's not much available. I found some deals that may be of interest, but I'm not sure if it's best to use an investment loan, or a home equity loan ( I have ...
Greg Gallucci
Structuring a multi family deal
Hi BP,Need some help on deal structure on a small multi family (10 units). Im going to raise money for the deal but wanted to know your thoughts on how to structure it. We will purchase, renovate/reposition and hold t...
Sergio Aguinaga
Wrap around Land Contract
Hello all. I have a couple quick questions: I’m in Michigan and we only do land contracts for wraps or seller finance.Scenario: If a seller owes 40k on a mortgage and the ARV is 100k while he’s 16 years into the loan ...
Josh Gregory
Cash Out Refinance an Investment Property - Rates?
The details:I have a single family with long term renters. Lots of equity. Current mortgage is about $120K. Home value is somewhere in the $280k range.I'm going to start talking to local banks, but I wondered if an...