I am in the process of setting up initial purchase and refinancing lending for BRRRR deals in a new, low priced market (avg. purchase price of around $60,000). I plan on opening balance transfer business credit cards ...

I would like to know if a lender can foreclose on a property or call a loan or require an influx of cash if the loan for the property is upside down? I've seen several articles online about negative equity, but if the...

Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...

Looking for guidance from this amazing group:Opportunity to purchase a condo for a STR that will not quite break even from a cash flow metric (obviously depending on financing option), but I'm good with that. Apprecia...

There are so many new/experienced investors that find themselves trapped in a “I have so much equity in my home, but my interest rate is too good to ever touch it” mindset. What if I was to tell you that you that a “l...

Is interest rate cap payment received by the borrower considered income?

Is the following statement true:
Under Generally Accepted Accounting Principles (GAAP), interest cap premium payments received by the borrow...

I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...

Hello BPers,Due to recent rise in the market, I wanted to run the potential options to see what other “long buy and hold investors” are doing. What are your thoughts on potential strategies below? Appreciate your inpu...

Hello, I’m flipping my first house with a partner. Close on it next week. We are paying for the house and renovations with cash and looking for advice on how to keep track of all the renovation costs since we will be ...

Greetings!

Scenario:

Bank A holds my mortgage with a 2.875% interest rate. My mortgage has private mortgage insurance (PMI) on it with a monthly charge of $91. My current LTV is approx. 45%.

Bank B holds my HELOC w...