Jon Dawes
DSCR loans for newbie investor w/downpayment but maxed out DTI
Hello! I have (had?!) a plan to refinance our current mortgage as well as get a HELOC. Apparently our DTI is too high for the HELOC so we can do a cash out refi but that is less desirable because it means we cannot th...
Matt Liu
Social Service check went to prior owner!
I just bought a house last month, but my management company didn't submit paperwork for change of ownership to DSS (Government Assisted Tenant) until the first of the month. Apparently the check already went out to...
Account Closed
Guilty Plea in scam targeting homeowners facing foreclosure
There is a right way and a wrong way to deal with foreclosures. He chose the wrong way. Don't even *think* of doing it.Defendant pleads guilty in scam targeting homeowners facing foreclosure Jan 23, 2018 Info Wyandot...
Ethan Bennett
Math and interest rates
I was reviewing my payment statement from the mortgage company and have always been confused at the interest rate etc.
Right now it shows: Payment-$1350.55, interest-$937.17, Escrow-$78.55
We have a interest rate of...
Jules Dominguez
Raising Capital for a Probate Auction for a Great Property
Hey guys,I recently came across a property that is up for probate auction this Sunday. It's a great property in a great area. I have thoroughly researched the property and have decided to purchase it and have secured ...
Dooreuhn Cee
PM software that imports and categorizes bank transactions like QB for per property accounting
Have been using QuickBooks for accounting, Excel for tracking, and DropBox for a file sharing. Looking for a Property Management software to consolidate these functions. Did an AppFolio demo today and love it (despi...
Clayton Smith
Portfolio Tracking Software
I have been keeping up with all my rentals with spreadsheets and I am starting to outgrow it. I have set up quickbooks to run my flipping business. But it doesn't look like quickbooks can give me everything I want as ...
Alex Molina
Should you invest real estate cashflow in the stock market or savings account?
Hello, I have been receiving cashflow from a property I own. I was wondering if the cashflow should be stored in a high yield savings account (4%) or in the stock market? I haven't really heard much about this topic. ...
Ron Biggs
Need lender for Tenant Buyer
I have 2 tenant buyers in the Richmond VA. area that I would like to help get a mortgage so they can go from tenant to owner. Both have credit scores that are not great at around 600 but have good jobs and incomes.Any...
Robert Shadley
Setting up an ACH with tenant
Hi All,What is the safest and easiest way to set up an ACH with a tenant? I'm concerned about giving them a bank account and routing number.. Any suggestions?? Thanks!