Joel Bowen
Getting started. Here are my Goals, feedback welcome.
Ok so I am sitting after just finishing up a podcast with J. Scott where he talks about setting goals and getting them on paper. He says that it doesn’t have to be formal but just jotted down for my own reasons. He sa...
Daniel Fitzroy
I paid off my truck loan yesterday!!
Hi everyone, I just wanted to share a recent small victory for me. I’ve been strapped down for 3 years paying $500 a month on my 2011 Toyota Tundra and I finally have it completely paid off! It felt great sending in t...
Kelley B.
Found another reason folks don't like condos
Two days before closing my lender advises that neither FNMA nor FMMC would buy my loan. Only financing 70% of appraised value. 81 of the 86 units are non owner-occupied so they didn't want it. Non-warrantable.Of cours...
Casey Stuebs
House Hacker in Spokane
Hi, I just moved back to Spokane from Boise. Prior to that I was living in LA, Seattle and Portland. Seattle being the longest stay besides Spokane. I have always wanted to get into real estate but never made the move...
Blake Dials
Multiple Bank Accounts
If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account? Or can i just pay everything out...
Jeff L.
The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?
I can't seem to find a definitive answer to this.Some people say that the limit is 10 properties (not loans), so even if all 10 properties were under 1 loan, you would be at the limit. Is this the case?Also, does it m...
Account Closed
Rich Dad Epilogue
Hello BP, i re-read Rich Dad Poor Dad and just notice in the final chapter "Epilogue" he used a non-qualifying loan. But what i'm confuse is just what is loan is? It is Partially Seller Financing? Subject To? Or somet...
Orlando Roche
New Construction
Does any here do new construction? I'm Trying to buy s lot, and I was hoping to get hard money to be able to buy the lot and build the house, than at finish get a conventional loan to pay off the hard money loan. Has ...
Pepper Bradford
Do Investors generally also guarantee the loans?
I'm looking at a multi family unit on the MS Gulf Coast (this will be my first deal) and running the numbers. Still waiting on the rent rolls from the current owner, but so far the numbers are working out. I don't hav...
Mary Ann Shlim
Do all private lenders charge points?
I was wondering if all private and HML in IL charge points?