Angel Prentiss
Washington attorney to review sand lease option agreement
Seller signed letter of intent.
Does anyone have a WA attorney experienced in reviewing/drafting lease options ... actually a sandwich lease option? I have several contracts or can use theirs. One of our atto...
Daniel Baker
Accessing the equity in a rental property.
Hello,
I have a rental property that has increased in value by at least 40k. I would like to access this money but the bank said they can't do a second mortgage because my first is 70% of the homes value. What is the...
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
Does someone mind explaining subject to offers? I ask as I have received offers from buyers that want to do an assumption of the current mortgage via trust acquisition and provide a down payment due to the seller. The...
Amber Turner
Pulling out equity to hold for possibly later date
My husband and I were considering pulling out the equity in some of our homes to set aside for a future purchase, so we don't lose it when the market drops. We haven't found anything yet that makes sense to 1031 them ...
Mike Lynch
Running the numbers again on my vacant property... Still Confused
Hi,
I have been sitting here running the numbers again for the 4th time and I'm still confused.
Years ago, we took out a mortgage to buy a home for $107,000. We owe $39,000 on it now. Our interest rate is 3.6%. The ...
Gary E. London
Master Lease Option on Apt. Bldg
Can someone explain the technique of using a master lease with option on an apartment complex and how it works. Does it work best with troubled properties?
Kris Biz
Best use of cash - pay down debt or buy new property?
Hi fellow investors,I am trying to decide between paying down debt on my existing rental property or acquiring new rental property with the cash I have. Conventional wisdom says it is better to use leverage and acquir...
Latifa Al Latif
Should I stay Or Should I Go?
My lease is up March 2020, I’m prepared to purchase but looking for input. I have 2 options: A. Buy a townhome in my current area (Naperville, fairly affluent suburb near Chicago with great schools) or B. Buy a small ...
Dav Pohote
Options for 8 unit multifamily gut remodel?
Was actually denied for a commercial because it's stripped to the studs and deemed uninhabitable. I've heard anything over 4 units is commercial but you can still get residential loans on 8 unit or less properties. Is...
Cory H.
Mobile Home Park - Convert from Park Owned Units to Tenant Owned?
Hi,I purchased a mobile home park about a year ago. Things have gone relatively great. There have been a few hiccups as I expected there would, but nothing that I couldn't figure out with some help from my awesome p...