Grant Cleveland
To Refi or Not to Refi..that is the question
I have a mortgage I owe 280,000 on at 4.25% 30 year fixed with 27 years remaining. Down the line in let's say 1-3 years there's a chance I'll move and would like the option of converting this to a rental. I can rent...
Michael Hayworth
1st occupied foreclosure - short-term lease to prev homeowner?
Bought my first occupied foreclosure last week (regularly buy at auction, but typically unoccupied homes). Posted Notice to Vacate as soon as I bought it. Met with previous homeowners, who under Texas law are now "Ten...
Jared Miller
How to calculate CoC return using HELOC for down payment
A duplex I’m analyzing is for sale for $110k. Each side would rent for $660/mon so $1320 total. Mortgage would be $661/mon and this includes RE taxes and insurance. My down payment is from my HELOC and will need to st...
Robert Smith
Low Credit Score - High Debt - No Late Payments For 4 Years?
I have an applicant who has a credit score of 650, $97,000+ in debt ($53,000+ in credit card debt, and $42,000+ in auto loan debt), but has not been late on a payment in 4 years according to his credit report.He claim...
Jorge Guerrero
sandwich lease agreement help for an aspiring real estate investor
Ok so I could potentially work out a deal that could make me some money. The property is located in Atlanta GA. I want to here your opinion on the deal. Seller bought the property for 19k and fixed it, he is asking fo...
Michael Turner
Should I lower my debt before investing?
I currently owe $92k in student loans. Payment is $48/month. Loan is forgiven 100% in 10 years. I net 34k/year. $2000 savings. Credit score 683. I want to invest in single family homes. 1. Should I pay down my debt be...
Chris Walters
Collecting Rent through ePayments (Yes or No?)
Hi everyone,What is your opinion about collecting rent through electronic payments? Specifically online debit or credit card payments. Any good or bad stories? Any methods of preventing a tenant who uses a frauded car...
Ed Nunno
owner occupied
looking to get into investing just not sure where to start. im looking to move to FL. so i figure if i can get a 2 fam and live in 1 side for free. is it easier to get a loan on an owner occupied residence ?
Monique Sison
Should I pay off my $360k student loan debt or invest?
Hi, my name is Monique and I am a newly graduated dentist. I’ve entered my profession with a mountain of student loan debt ($360,000 to be exact). My plan was to make small payments on my student loans and focus on sa...
Brian Pleshek
What should I really be doing?
With the purchase of my current rental, once it is leased out, I will be FI. Here is what I currently have:My house paid with cash. Approx value: $210k.Rental Property 1: $35k mortgage, Approx value: $120k.Rental Pr...