Brandon Bass
Seller Financing Terms
I think this falls under private lending but let me know if this shouldn't be posted here. I have one of my rental properties listed for sale. I received an offer to sell it for full price with seller financing. I can...
Aaron Bostelle
Is buying in this city suicide? And other life choices.
The city in question is Reading Pennsylvania. I'm looking to buy my first owner occupant rental property. My experience is essentially nil so let me get you in on my thought process so you can critique it:In no partic...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Account Closed
No Fico score renter =585 Fico more or less?
How do you equate a potential renter with no fico with a low fico potential renter? For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, b...
Brent Davidson
How to properly pay a contractor?
When you're hiring a contractor, how do you handle payment. Will they want payment before? If so, it doesn't make much sense to pay until you're sure the work is complete, right?
It makes sense to me to pay half be...
Shane Bishop
Utilities: Who pays?
Hello everyone, My wife and I are looking to purchase our first rental property in the upstate of South Carolina and are hoping to utilize this opportunity to do a house hack! However, since this is our first time do...
Andrew Pappas
Seller financing with no equity and current mortgage
Hello, I have a specific question and haven't been able to find the answer.I have a very motivated seller who owes about $126,000 on his house, which is also what it's worth. He is willing to repair the property and ...
Roy N.
Apportioning costs associated with taking a second mortgage
[Note: I initially posted this topic with a poorly worded title - thanks to autocompletion on my phone - here. I am reposting with a new title and have cleaned-up the narrative].
I've been ap...
Dawn Anastasi
Trying to sell a property ... banks do not help
I have a property located 2 hours away from me that I'm trying to sell. My realtor did find me a buyer, and they are willing to pay a reasonable price, however they don't have the best credit and want to put down $20...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...