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...
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...
Account Closed
Looking at refinancing my first rental
My wife and I used the HELOC in our Oregon home to buy a small rental home in Belton Texas, we bought it on May 21st and its fully renovated and rented. We bought it for 135k and put about 12k into remodeling. Our cur...
John Thedford
Conventus Lending And Shellpoint Servicing--The Saga Continues
I have posted about these people before. A few years ago I got two loans from Conventus. They have now hired Shellpoint to service the collections of the notes. Shellpoint has to be the worst bunch of people I have en...
George Ramsay
Beginner questions on lease option or creative financing deal
Hello Ive browsed through the forums but am still a bit lost and could use some help.Ive got a rehabbed property with a great conventional loan. My Agent and I have not been able to sell the property and we are lookin...
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...
Arthur Donovan
CDC declaration & evictions
Are tenants still protected from eviction, under the CDC declaration, under a month to month lease? Thanks for your valued insight! -Arthur
Kevin Cespedes
Debt to income ratio
Hi guys. I need some help understanding how does the debt to income thing works.. in regards to getting a approve for a loan. If anybody can break this down for me it will be greatly appreciated..
Melissa Stoltzfus
Utility Bill Payment
Hi, I am the bookkeeper for an investment company and we flip houses in PA and NJ. We have approximately 100 houses in inventory at any given time. I need help in organizing utility payments. Right now we pay one bill...