Sam Stabler
DTI Question for Underwriter- HELOC's
Hi Guys,How do underwriters calculate a HELOC on the DTI calculation during a 10-yr draw period?1) Do they include the actual Interest-Only payment reported on the Credit Report?2) Or do they term out/fully amortize t...
Account Closed
What would you do with this house in Costa Rica?
The home where I grew up is in Costa Rica. It was built in 1982. My father legally owns it, but only my mother and brother live in it. Dad has expressed his commitment to leave the house to me and my brother, meaning ...
Craig L.
How low of a first for 100+% financing?
I'm trying to work a deal for a 4-plex in which I take a little bit of cash back at closing, or at least have financing cover all closing costs and prepaids. Purchase price is $140k, existing mortgage is about $50k. C...
Paul Cox
NewAirBnB Commitment message
Hey All,When I just logged into AirBnB, it gave me the following Pop-Up message before it would let me get to my account:Please take a moment to read this
We’re asking all hosts to confirm their commitment to welcomi...
Lucky Tiderman
Leveraging existing properties
Do you have an opinion on leveraging an existing property(s). Example - my first property is a 3000 square foot building that sits on a half acre lot in downtown with a zero balance. I'm considering pulling some of th...
Mike Schorah
What would cause someone to go to jail for doing a subject to?
I hear of people going to the slammer for this strategy if they do it wrong.
John Van der Kieft
Develop strip mall or plaza Keller TX 76244 along I-35W & RTE 377
Advice on investing in strip malls needed.What would be a good first investment? I have no experience in CRE or strip malls/plazas...Market: Keller TX area along I-35W and RTE 377.Strategy:Invest in unimproved land?P...
Harris Harris
Chain of title
Just trying to educate myself. I understand the chain of title is issued by the title company to the lender. Is this a document that they create showing the history of the property? What exactly is chain of title doc?
Jordan Jones
2 Primary loophole?
Without a divorce, legal separation agreement, or child support order etc, a husband will buy the wife off the mortgage, have her sign a quitclaim deed on the property. She now has no ownership interest, is not listed...
Ryan Meyer
Starting a barber shop
Opportunity knocks. I'm considering co-ownership as a capital providing partner in a new small business (barber shop) in Oklahoma. The demand requirement exists and there is a new plaza being built with an appropriate...