Syreeta McDonald
CASH-OUT REFI ON RENTAL PROPERTY WITH NO MORTGAGE
Hello. I own one rental property with no mortgage. A tenant is moving in next month. I would like to take money out of the property to put a downpayment on two other properties. Would a CASH-OUT REFI be a good option?...
Gerald Jarreau
Trying to find a strategy but not sure what to do.
Background: I am 54 and have my house paid off (guessing around 250k in value). I have a condo with 37k of mortgage left (value about 160k). I have a job making about 60k per year. I have no car note. I rent the condo...
Ellie Narie
Is it considered fraud to hire your girlfriend as a housekeeper?
Okay, this may seem like a silly question, but what we're trying to do is figure out how we can get a mortgage loan to get a fourplex, but we are an unmarried couple, where one spouse is self-employed, and the other s...
Sarah Jukes
Extra $3000/mth, pay down mortgage v SEP IRA v 457 def comp retirement
Hi! Just purchased our 2nd investment rental property. Loan amount $304,000 7.3% interest (house value $600,000). Other rental loan is 3.5% $553,000 (house value $770,000). We can pay an extra $3000/mth. Could pay off...
Michael Guzik
Buy a car or house first?
Hey guys I'm 19 years old and work for a Real estate property management company in San Antonio. I make 25k a year and have a credit score of 720-725 depending on what score is used. I need to get a new car because m...
James W.
Auction of property with Multiple Loans?
Quick question - if the property in auction has lets say three mortgages open - and only one plaintiff is running in the auction - what happens to the other two loans?1 - Does the plaintiff add up three total loans - ...
Josh Lawson
Pay Down Rentals or Pay off Home or ... ?
I've got some extra cash and wondering what the community thinks I should do with it? I have a couple of rental properties that I can put a sizable dent into. It wouldn't pay them off, but it would help with some cash...
Johann Kleisch
My REI Biz Plan - Please review and give feedback!
Below is the first draft of the business plan I created for REI.The final product will be created using liveplan.com to create a polished and professional looking plan.The only thing that I'm still working on and is m...
Seth B.
Want to switch jobs but lender said no.. Help!
Hello all!
I just got back from a home buyers seminar at BMO|Harris Bank. No one showed up so it ended up being me with an agent, lender, and insurance agent. It was really informative meeting for me because ...
Veena J.
FHA/HUD/Fannie/Freddie Multifamily financing
Hello! I'm currently an investor and single-family homes and interested in learning more about the multifamily market. Specifically I'm wondering how everybody finances and funds their deals through FHA and HUD. If an...