Charles Granja
Does an underwater mortgage stop me from purchasing real estate?
Hello,I have a question on a scenario:From what I am aware on QM loans, what matters is my credit score (history of paying debt service), my income (W2/DTI), my rental property income (2-years), and cash reserves. Let...
Steven Barr
Subject To - getting out after you hav assumed mortgage payments?
I had someone approach me about Subject To. I know be very little about this, so figured it’d be easier to ask BP instead of burning an hour of research to find the answer Are you able to sell a property a few years i...
Eli Morris
Trying To Help A Seller With An Upside down Mortgage
Hello! I was talking to a seller about possibly purchasing his property. He said he's ready to sell but he owes about $100K in taxes. Can anyone give some guidance on how I may be able to help and purchase the property?
Pablo Pozo
Would you own rental properties free and clear (No mortgage)
Hello biggerpocket members,Me and my wife are still relatively inexperienced in the world of Real Estate investing. I considered my self a conservative guy and my strategy is to buy and hold. I have one rental (renta...
John Perry
Bid On House Subject to 1st mortgage... Advice Needed (Ohio)
I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
Danny N.
Own 9 properties & have 2 mortgages, should i snowball???
So after reading about snowballing to payoff mortgages, Im curious if you would in my situation. I have 7 paid off rental properties grossing me $4800/mo. I have my main residence with $200k and 10 years left and a va...
Matthew Rosenthal
How to find commercial MFA mortgage brokers - cross state lines?
Hi All,I'm in contract on a building and looking to find a broker - please do not contact me directly or post contact information here. I'm just wondering how can i search and find brokers that can help me in my semi...
Trent Zimmer
Sub To or Wrap Opportunity w/ an existing FHA mortgage?
Hi All! I have a potential opportunity that I'd like to run past the brilliant minds of BP....I'm a sub to/wrap virgin, so be gentle.Seller is a friend and purchased this townhome direct from landlord in May of 2022 ...
AJ Satcher
Understanding How Mortgage Rates Are Affected by the Federal Reserve
Hello,I'm doing research into how the federal funds rate affects mortgage rates. I've seen that typically, 30 year fixed mortgages rates will be roughly the federal funds rate +2% (give or take factoring in other econ...
John White
Mortgage for new primary - TBD rental income on existing primary?
Hi all, I've been poking around the forums where there is a ton of great advice but I didn't see an exact answer to my situation. I currently live in Florida where we own a property that would appraise around $800k ($...