Thomas Parr
Issues with a private lender
MY situation is this: I own a single family rental that I want to refi or perhaps sell. The lender is a local private individual who has helped finance several deals for me over the years. There is a substantial discr...
Account Closed
15/1 ARM with 10% down plus a 10% HELOC
Hello BP,
I am in the process of hunting for creative financing for my first primary residence purchase. Please comment if the below scenario looks like a good combination. I want to buy a 2-4 unit multi next...
Joel Cummings
Hard Money plus HELOC
Does anyone know of a Hard Money Lender that lends in Seattle that will allow you to use funds from a HELOC as your down payment? I've talked to three so far and they all say no. Thanks!
Mike Knowles
Creative sale options on duplex
I have a 2-flat that has been causing me headaches for a year and am trying to get rid of.
Unit 1: passed Section 8 inspection today so should be occupied soon @ $1,100/month.
Unit 2: Have an OO interested in buyi...
Garrett Ferrara
Pipes Busted and Tenant Not Taking Responsibility
On one of my single family properties my tenant decided to turn the heat off when she went out of town for 2 days with temps around 0.
Of course the pipes busted and I explained to her it was her responsibility sinc...
Brickford L Faucette
Subject To w/ Owner Financing and ARM
First time poster and would like some advice on the best way to structure the following deal. I’ve researched what I can but feel like there are some variables here that aren’t really covered. This would be my first c...
Account Closed
Do lenders factor none escrow tax and INS into debt to income
So I'm somewhat new to the Investing world and had a question that I haven't been able to find the answer to. I'll give some background info first. I currently have 2 homes. A personal residence and a investment prope...
Trent Reeve
OwnerRez Florida hosts tax question
havent had this situation happen before. API connected, if you only have Airbnb guests for a month and Airbnb supposedly paying the state taxes, when you submit your monthly State tax form, do you enter ZERO in the tr...
Saad Handoo
Evaluate my mortgage
Hi BPers-I'm looking to make my first investment property purchase in the next few weeks. I reached out to Bank of America and they quoted me on a 4.375% loan with 25% down. This is a 30 yr fixed rate mortgage for a n...
Jason H.
Selling Short
I have a single family rental property that I will probably have to sell short because value is below what I owe the bank. I am current on payments. How bad does a short sale hurt credit and how long does it take to...