Account Closed
can a jr. lien take over payments on first lien w/o note being called?
A number of years ago I went to a 3 day traing. The speaker said that a jr. lien holder could take over the payments of a senior lien subject-to inorder to protect their own postion. He said that a senior lender could...
David P.
Mortgage Wrap
Hi all, I have a property I am trying to sell to another investor; who is wanting me to carry the note. I don't mind "Wrapping" the mortgage, but not sure how this actually gets completed and the steps involved. ...
Jacson Bevens
Lending options on Condominiumized Duplexes
Good afternoon!I've run into a unique situation (at least, unique to me and the three lenders I've spoken with about it) up here in Washington State with some investor clients who are trying to purchase four duplexes ...
Clay Couvillon
Hard money payback ??
What happens if property doesn’t sell and you can’t refinance and you are coming to the end term of your hard money loan?
Aaron Smith
Assuming an FHA Loan from a Seller who does Not get a Release?
Say a seller has $80,000 left on an FHA loan. They just want someone else to to assume the mortgage payments and give $8,000 as a down payment. So, a total purchase price of $88,000.They are transferring the title...
Derrick Jared
2BR/ 2BA Duplex Analysis
Hello BP Community. I am completely new to the Real Estate Investing. I would like your opinion on a Duplex property I am considering. Both units are 2BR/2BA in a well established area. The units are each 1228 sqft. ...
Paul Arute
What to do with a new rental
I’m moving out of my condo and I am setting that up as my first rental unit. I have about $120k in equity and was planning on borrowing against that in the future to buy more property. After reading a few forums and t...
Ajay Malhotra
Heloc on rental property to purchase another and refinance it
I'm looking to purchase another investment priperty, and am exploring the option of using a HELOC to make a 'cash offer'Is it better if the plans are to just keep all money invested for now, to just pay all extra on t...
Murray Reginald
Starting Out With First Property
Hello All,
I am really excited about what me and my wife are working on, and that is financial freedom or passive income as an investor. This is our current situation:
- Cashflow: $2500 monthly
- Mortgage: $4000 mon...
Nathan Thorne
I need help
Hello,
I have just recently came across a duplex that is listed for 75,000$. So I estimate that monthly payments will cost around 700$, rounding up of course. The duplex has an operating income of 1200(650 from ...