William Hanlon
Looking For Support
Looking to learn more about no cash deals or taking over payments. I see these signs every where. How can someone take over payments? Its my understanding that you can only take over FHA and Military loans without ...
Tylere Weaver
Holding the note to defer the capital gains.
Looking to sell a property that I ownnfree and clear. It's a mixed use property. I have a tenant in the restaurant and a tenant in the upper apartment.
I would like to sell the property to the restaurant operat...
Matt Tallent
Debt to income issue
Hello all,This real estate issue of the week:My current status -I own one rental that cash flows 450/month. -My primary residence I own and split the payment with my spouse.-looking to buy another rental for 15% down....
Greg M.
Owner financing: Who receives credit for principal/interest?
I am trying to purchase a property with owner financing. Hypothetically the seller owes $85,000 to the bank and the property is worth $110,000. He has agreed to seller finance the property for 3 years. I am trying to ...
Russell W.
Saving for first time purchase
Hi all, I am new to the forums but have been browsing the site now for a couple months. Hoping to get some opinions/advice on a question I've been mulling over.Over the next 15 months I will be saving for the first ti...
Thomas W.
Why do you exclude the mortgage payment from the cap rate?
It seems like you would want all expenses included right? As I understand it the cap rate is telling you what percentage of the total price you'll make back in a year?So why would you exclude the mortgage payment beca...
Lucky R
SBA 504 down payment options
Hi all,
I own a small business and I currently rent commercial space. I want to move out and buy a lot nearby. My business will be occupying part of the space and I can rent out the remaining space. I made a ...
Peter Halliday
Seller financing with interest-only payments and balloon
I'm wondering if anyone has been able to structure seller financing before where they pay interest-only payments for like 15 years and then a balloon.
I have a lead on a property in a B area of the Northwest Chicag...
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Top 10 Ways to Avoid Loan Fraud
:protest: Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.
1. T...
Joe Splitrock
Foreclosure Crisis Won't Be A Buying Opportunity
I have been saying for a while that I don't foresee the mortgage forbearance and foreclosure moratorium turning into a foreclosure crisis. There are three reasons:
1. Some people have the money ,but took forbearance ...