Atul Mohlajee
On rentals, do you pay escrow shortage or let payment increase
I have two commercial and residential properties. Bank is asking to make up escrow shortage by paying about $11,600 or they will increase total monthly payment on both properties to make up for past and future escrow...
Julio Gonzalez
Top Home Tax Deductions
Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...
Alan McCraney
Owner financing question
I am looking at purchasing a duplex for 100k. The seller is an older man and wants to do owner financing so that it will continue to give him income from the property and he will make a profit from it. However, the se...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
YiBing T.
HELOC to pay for mortgage
Hello, I have been interested in the concept of using HELOC to pay off mortgage and other ACH PAYMENTS. I would like to check in with Maryland real estate investors to see if anyone had success with local banks in the...
Mary Ann Shlim
Do all private lenders charge points?
I was wondering if all private and HML in IL charge points?
Andrea Long
Should I take out my Equity?
I am new to owning rental property. We lived in our house for 7 years and weren't having much luck selling it so we decided to try and rent it out. We had an overwhelming amount of people interested and picked what we...
Steven Nguyen
Mobile Home Park Buying Criteria - Going Against the Grain
Hello BP Community,
It seems like most investors want all tenant owned homes, city water/sewer, and low vacancy. For the beginners starting out, would it be wise to go against the grain and target the mobile home pa...
Mark Bringas
Need advice on construction partners
Hi everyone. I own property with a small house on top of a one-acre land. The city is close to approving adding two additional buildable lots (residential only) in the back. I’m running into analysis paralysis on w...
Travis Vizier
Pay off student loan or purchase real estate
Without giving a lot of personal details, here is the situation:
Student loan $100,000
Monthly payment on student loan $1,000
Monthly income available to throw at student loan $3,000
Should I:
A) completely pay off ...