Sofia Ruano
Reverse Mortgage to Pull Cash, Invest in Trust Deeds/Syndications
Has anyone used a Reverse Mortgage to pull equity out of their home and invest in trust deeds or syndications ?
Reverse Mortgage interest rates are about ~5%..
Our house has a 1st of 20% LTV...
My husband wants to ...
Andrew Clark
Clean title -> Countrywide corrected a mistake -> Mortgage Appeared - Need Help!
Bare with me...
Key facts:
Shane bought a home in 2006 with a Countrywide mortgage. Countrywide recorded their lien using the incorrect 'legal description' of the property.
Shane stopped paying his mortgage somewhe...
Don Konipol
Top Ten Excuses(I’ve Gotten) For Not Making Mortgage Payment
TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT
10. I thought my ex wife made the payment
9. I already made 12 payments last year
8. I’m thinking of selling the property
7. My dog needed his teeth cl...
Account Closed
Average mortgage interest rates in the United States and abroad?
I have an associate in Sydney who does a lot of business in several of the South Pacific countries, and he is touting the interest rates over there. In your respective geographical areas, what is the average small hom...
Kenneth Ginder
Funding LLC bank account w/ equity funds from personal mortgage
Are there any major tax implications when funding my LLC business bank account with equity funds from personal mortgage to finance a duplex build. Duplex mortgage is also in my personal name (owner occupied). The rent...
Dennis Cobos
Conventional Mortgage with less than 20% down and No PMI?
Hi everyone!I will be investing in my first property (duplex or triplex) in the next few months, hopefully around May, in Sacramento CA. I've been working with an agent already and have started to narrow down my crite...
Daniel Roman
Can't cashflow on multi-family because of high mortgage payment
Hello BP! your opinions and thoughts will be very appreciated.I have currently been crunching numbers on deals in the Broward, Florida areas. I am using the BP rental calculator on duplex,triplex, and fourplex in the ...
Jared Mcgrew
Purchasing 2 properties for lump sum. How to divide mortgages.
We are hoping to close on two single family residences that will be purchased from the same owner. We have offered one lump sum to the owner, but need advice on how we should split the loan amounts.
Details:
-We wil...
Lucky B.
Does a perfected tax lien survive a mortgage foreclosure sale ?
There is a a property that i am interested in bidding on and two tax liens were file by the county tax collector, not the state. The language in the tax lien states that it is a perfected lien against all real and pe...
Ben Trageser
Financing into Traditional Mortgage after Seller Financing Balloon is Due
Hi all -I have been looking further into creative financing and have a question. Put aside interest or any other terms.For example, I agree to a land contract with a sale price of $1,000,000. $0 down, $5,000 payment p...