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Just purchased my first duplex, a house hack via FHA loan. I really like the house I'm renting and I knew that the landlord was mulling over selling it, so I asked him if he would be interested in financing it to me. ...
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Hi, I own a handful of low income properties in Decatur Illinois. Due to log distance, and a PM that I should have never trusted, these homes have gone downhill and are currently on life support. While most investors...
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I'm a investor in the Kansas City area I borrowed $40000 from a hard money source with 9 month terms, we'll it's my one year anniversary The loan is do. I recently rented the property on section 8 if for $950. I'm ne...
I got into a debate with a loan officer from my mortgage company on the phone. He wants me to refinance my FHA loan with 3.5% interest and 148$ Mortgage insurance premium, To a conventional loan with the same but mayb...
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Good afternoon everyone! I would love it if people could give me some advice or poke some holes in the plan I have laid out for myself.BACKGROUNDUnder contract for 2 lots across the street from each other in Colorado ...
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So it looks like these days, an HOA foreclosure may not be a bad deal, you bid enough to pay it off and then you have to pay the first mortgage. I am seeing several auctions and there is plenty of equity 50% or so) ...
Hi! I have a 2bed 2ba condo in Lynnwood, WA.
I am thinking about renting this unit out. Mostly I hear $100 profit per unit is the rule of thumb.
My mortgage payment is $2033.68
- principal & interest $1387.23
...
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I have an investment property which I bought almost a year ago for $365k, $271k on a 30 year fixed mortgage owed. Moderate rehabs with comps nearby selling in the mid $500k range. Monthly 1 year rental history is $4...
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So I am in negotiations with a friend to buy 2 local rental properties, both 2 bed/2 bath- which would be my first investment property. Total value is $750K, and his mortgage is 1800 total for both. I would put 25K do...
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Hello BP!I bought my 1st house in August 2018 for $268k. It was a 4/1 that I converted into a 3/2 with a master suite. My latest appraisal came in at $340k just last week. I want to make a move for my 2nd property but...