Nuhan Demirkan
What to do with this deal? Is it a deal?
The owner lives out of the country and the tenant hasn't paid the rent since May '13. The owner is servicing the mortgage. There is a mortgage on the property for $200K, the PITI is $1540 plus $50 HOA. There is no equ...
Andrew Yu
Commercial Loan Question
I have 2 properties currently financed with a private lender, wanting to refinance with a bank commercial loan for longer term. But the bank is only offering 5 years fix rate with 15 years amortization schedule.Does t...
Kenneth Guin
Is sub2 legal
Is sub2 legal in North Carolina?Because it says in NC General Statutes - Chapter 75 Article 5A that you have to pay the seller 50% of the appraised value of the home.Because for someone to do a sub2 the arv and loan b...
Lawrence Barnes
Seeking advice promissory note
Hello Biggerpockets family!I have two investor friends that have acquired an 18-unit apartment complex under sub-to the existing mortgage. The property is in the name of an LLC. They need 10k to pay off property taxes...
Jonathan Bell
What exactly is underwriting?
Since I began looking into multi family property I've consistently seen/ heard of "underwriting" I've looked it up, but I feel as if I'm getting a different definition of what it actually is. Is it actually just eval...
Andrew Gratz
Familiar with buying "Subject to" costs only 10k-20k upfront.
Newer investor and member. I just got my 4th property purchased subject to the existing mortgage. I'm looking for someone with deeper pockets then I and wants to purchase some of these deals off me in the future. As I...
Kent Verge
Great deal on HELOC at Navy Federal
While searching for options for an HELOC, I found this deal at Navy Federal Credit Union. 95% LTV (less any existing mortgage) for personal residence; 70% for investment propertiesRate as low as 3.99% depending on cre...
John Hicks
Should I try and consolidate 3 mortgages with a portfolio lender?
Esteemed REI's,
I wanted to get some opinions on my current mortgage situation and see if there is an option that will possibly lower my interest rate and payment on 3 long term rentals I have. I hear a lot a...
Jonathan Kramer
seller used a home equity loan to buy a new house
Will this have an impact on me buying the home? She took it out recently. I've been asking a million questions on here, sorry, im new to this.
Account Closed
How to Determine Repair Cost With ARV...
As a wholesaler i want to build rapper with other end buyers and investors. When observing a property how do you determine the repair cost and if the property is even worth flipping. I know in this business you can ma...