Christopher Hikel
Converting a multi-family rental to condos with a mortgage
Hi all,I am brand new to the game; so thank you in advance for your advice and support in getting me started. To cut to the chase, I am currently under contract to purchase a 4-unit multi-family rental building, in wh...
Yash Bhatt
Looking for a HELOC / 2nd mortgage on an investment property
Hi,We bought and rehabbed a home and it's been active as a short term rental for almost a year now in Sedona, AZ. We are looking to pull some cash out to recover our rehab costs and having a hard time finding a soluti...
Michael Montagna
Buying a home for the balance of an existing mortgage.
In New Jersey, are there any red flags that would be raised if someone were to purchase a home for what the owner owes on their mortgage? Hypothetically, there is a current mortgage which is roughly 1/3 of the value o...
Jorge Vazquez
If you've been thinking about paying off your mortgage early
If you've been thinking about paying off your mortgage early, it's important to take a closer look at your options and consider your individual circumstances. While making early payments can definitely save you a lot ...
Yvonne H.
Does Fannie Mae 5-10 properties include LLC-owned mortgages
Trying to refi a property and ran into a snag. The lender is counting properties financed by the LLC. I am aware that Fannie used to count the LLC properties, but changed their guidance since 2017, so that properties ...
Ana Brasher
Use of Local Banks and Mortgage Companies for Conventional Loans
I am considering several properties in Texas (Dallas, San Antonio, New Braunfels, Houston). Would it be better to have relationships with local banks/lenders and mortgage companies or should I operate out of my area ...
Joel Harris
How much should I pay down my mortgage before refinancing?
I am considering purchasing a 4 plex for $199k. The property cashflows $375 monthly, if it is fully rented out, and rents are slightly below market. I can get this property with almost no money down because I have a V...
Will Reynolds
Down payment help from a parent vs. co-sign mortgage?
If a generous parent wanted to help out with a first property, can/should they co-sign the mortgage? Or if it is down payment help, is there a particular way banks like to encounter that? Does it need to be seasoned, ...
Corswella Whitaker
What happens to the mortgage in a tax deed state?
What happens to the mortgage after purchasing a lien in a tax deed state? Does it disappear, or is the investor responsible for the remaining mortgage?
Ankit Lodha
Local Mortgage Company Names - that will refinance under my LLC
Hi All-
I am looking to refinance my investment home in Philadelphia (I know in this market with high-interest rates), can you share a local mortgage company that will do it under my LLC?
Few background details
1....