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For example. Lets say you have a $100k house with a $90k first and a $10k 2nd mortgage. Borrower has an 800 FICO. The 2nd is at 10% interest only, balloon in 5 years. How much would a fresh note like that be wort...
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I own an SFR, 4 beds, 2 baths, 1700 sq. ft., in Houston Suburbs. My current tenant has been living there for over 5 years, never missed a payment but I think has poor credit. His lease is up and I told him I want to s...
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Does anyone have experience holding small (less then 25 units) commercial multi unit deals through market corrections like the 05-08 timeframe? Would anyone recommend leveraging now into a small commercial deal like t...
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My mother wants to buy me a home, credit was damaged recently and am working my way back. She would like to buy it and I'd pay the mortgage. She has a HELOC loan already, can she add to that loan? Or does it need to b...
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I have been trying to analyze this triplex property. The seller is asking 425k. It is 3 units that are 2/1. They rent for $1250 a month. I was just wondering what I should offer to make this property be a good investm...
I have 3 properties and I am looking to get a loan for about 30k. I currently have a rental with about 15k in equity (this has an equity line already), I have my current residence with about 30k in equity (only a stan...
Hello, I have my property listed for long term rental in Joshua Tree, CA. It's currently an STR, but I'm tired of dealing with it and just want to convert to a long term rental. I've been hit up by a couple of compani...
Hello! My name is Edwin. I'm a new landlord and I'm doing my due diligence by making sure everything is to a T. Currently, running into a bit of a snag in the rental application process. I use Zillow Rental Manager an...
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For one of my rental properties, I had a contractor do 2 repairs (small roof repair, replaced four windows) and 4 improvements (added support beams in crawlspace, added gutters and downspouts, added basement access do...
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hey guys! I'm from Ottawa, Canada and today i get the keys to my first property, a duplex. Since i max out my mortgage loan and needed more money to make renovations I was going to get a "mortgage plus improvements" m...