Mike Rodrigues
Does this Help or Hurt?
Hi, guys!
I currently live in a home I purchased a year and a half ago its a 3b 2.5ba and I live with my girlfriend and a friend of ours. If I did not live in the house and rented the whole property I could easily g...
Cassie Chun
Should I Offer to Extend Rent Due Date?
I’ve noticed that one of my tenants consistently pays the rent on the 5th of each month. My lease states that rent is due on the 1st of the month with a 3 day grace period (this tenant specifically asked for 3 days). ...
David Sray
Favorite rental payment method?
Hello friends!Thought I'd check in and see what the landlords of the world like to offer in order for their tenants to pay rent? I only have one SFH rental right now, but want to get into more when the deal makes sens...
Amy W.
Should I renew a habitually late tenant that pays the late fee?
I currently manage 8 rental properties in Grand Rapids, MI and all of my tenants habitually pay on time except one. I've had her as a tenant for 9 months now and she has only paid on time twice. Her credit wasn't terr...
Eyal Gokovsky
Owner finance amortization
Hi, I have this note, and I'm trying to find out what the Balloon/Final payment would be in the end of 3 yrs term?Also if the borrower decide to "over pay" the $750 a Month, how will I recalculate it?total:$35,000 Sim...
Lance H.
% of income for Primary residence?
Hi everyone!
I'm considering purchasing a new primary residence in the near future. In my opinion banks are still way to generous on how big of a loan they will allow. I'm just curious, what do you all think is a...
Sean Williams
Need Advise on Subject-To Deal Structure (or any other ideas)
I have seller with the following situation:$240,000 single family house$165,000 balance due on mortgage ($159k balance + $6k in past due pmts)$950/month (PITI) is the current mortgage payment @ 3.875%$1,400/month Mark...
Nick R.
Escrow Shortage
Hi all,I just received a letter from the lender on my primary home stating that I have an escrow shortage and that my new monthly payment is going from $1,138/month to $1,306/month (a 15% increase). I've never had an...
Adam Flaugher
Typical Seller/Owner Financing Terms
My partner and I are looking at a few small (2-4 units each) off-market multi-family deals. The current owner(s) have expressed interest in doing seller financing which is fine by us. With that said, what are the typi...
Ryan Cannedy
FHA Loan and In-School forbearance
Good Evening All!Forgive me if this is the wrong spot for this question.My question is as follows. I am just starting my MBA program and I was wondering if my program last about 3 years, will the student loan be still...