Jeremy Helsabeck
When can rental income be counted as income?
I’m in the process of purchasing my first investment property. I want to begin to prepare for the second property and wanted to know when the income generated from the first property can be counted as income to qualif...
Trent Torzewski
Financing Out of State
Hello, when purchasing rental properties out of state, do you use a mortgage bank or broker in the state you’re purchasing in? Or use the bank in your home state? In WI, looking to purchase in TN.
Lily You
Apply for mortgage with LLC
Hi all,I got pre approval letter from my lender under my name. But now I’m trying to set up a Llc and would like to apply for mortgage with the Llc.my questions are : what type of mortgage can I apply for with Llc, is...
Jay Hunt
Mortgage Suggestions for Bad Metrics EXCEPT for Equity/LTV?
Hi,Infrequent poster, but when I've needed wisdom, this has been my "stop."So, the situation: took out a second mortgage about 2-3 years ago to start a business that didn't go super-well (long story, not real estate ...
Matt Turcutto
Short Sales, Unrecorded Deeds, and a legal nightmare
My direct mail campaign recently uncovered a lead. For the record, I'm in California. Here's what I found by talking to the lady that called me and what I found on title:Man buys house with Wife 1. Man has daughter, D...
Ray Burrola
Taking over an existing mortgage,,
Hello BP members. I am taking over a mortgage from a family member. She has already paid 12 years of the 30 year loan. I chose NOT to do an assumption because I don't want the mortgage to affect my credit and debt to ...
Mary Eubanks
Owner financing with a mortgage
Really stupid question, but I thought I heard there was a way around this. Can you owner finance on a property you have a mortgage on? If y'all would confirm or deny, I would appreciate it. Thanks so much as always!
Shelby LeBlanc
Sheriff sale for HOA with existing mortgage balance
I have found a SFR going to be offered at a sheriff sale for the delinquent HOA fees ($5488). There is also an existing mortgage with a balance of approx $250K.I don't understand how this works. If am the high bidder ...
Ivan Armas
Foreclosure and HOA liens
Good morning.If someone can help me with this question.If I buy a property in a county foreclosure sale when the plaintiff is an HOA, what happen to the mortgage or other loans attached to the property.Thank you...
James McGovern
Brokers that will accept lower down payments on Commercial Properties
looking to make contact with Mortgage Brokers that will accept lower down payments on Commercial Properties ideally 10 to 15%