Hello Everyone,  I am re-posting this question to change the subject from HELC to HELOC so it will hit user key words. Thank you. My wife and I are trying to buy a duplex in our town. We already have a nice SFH that ...

What are everybody's thoughts on Multifamily DSCR Loans?  We are thinking that things will heat up here this year as rates have trended down towards reasonable levels again.  Recent article:In the past few months, we ...

So I recently purchased a duplex in Wisconsin.  The seller did not disclose that one of the tenants had owed money for several months and had a signed 'Eviction Stipulation' that basically said if they didn't pay the ...

Hey BP,I was wondering if anyone could tell me if this idea is realistic, or just hopes and dreams. To finance my first property, would it be possible to get a loan for the down payment, and finance the rest through e...

Hey Guys,I was closing on my first multi-family in PA the other day and the lender had me sign a confession of judgement tied to the loan. It was the first I ever heard of it and after closing I researched it. After r...

Hi all. I started midterm renting rooms in January on Furnished Finder. Up until recently did I discover that I needed to be giving out rental receipts as a business would. I currently have 2 tenants that are coming i...

Hello!I am currently in the process of subdividing some land I have to build to rent a 2-4 unit in Worcester, MA on it. How much is the cost to build currently in Worcester, MA on average?Also I am a newbie at this, b...

Hello,

I'm looking at buying my first rental property this year and I'm trying to get my personal finances in order. I own my primary residence and have an ARM that's been working out well for me in the past couple ...

Newbie to the site and was wondering if someone could shed some light on the pros and cons of instead of taking positive cash flow out of the property, to in turn use a shorter term mortageg with higher monthly paymen...

Ok, a bit of an overstatement. But, it is wayyyyyyyyyyyy down & over simplified. The question is Why?
1. Foreclosures are at an almost all time low. Most Subject To's are with distressed sellers. If people aren't...