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I am looking to start buying rental properties and I have been looking at some condos for sale. Are these good investments for rentals? They are usually cheaper but I have read they are a hard resale. I have also read...
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Hello!
The condo I live in was bought using 5/1 ARM back in 2005. The ARM rate began floating in 2010 and since then the interest rate has been around 2.625% with next adjustment happening in April 2015. I ha...
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Hello fellow members,
Ok, here we go. My family and I are relocating to another part of the country in July of 2017. The plan is to rent a home for a 1yr or 2 to save more cash. We do have a significant amount saved...
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I’ve been think about moving out of state to begin real estate investing journey. Mainly because my area is too expensive. Been thinking about Washington state around Seattle, Vancouver, Portland, or maybe somewhere a...
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Reading over the forums lately, I have come across several posts that talk about buying "points". I can't seem to grasp what that is, and I've tried using the search function, but no luck. Can anyone explain?
I sold a house on a wrap to a man that has a 630 credit score. He wants his payment to be lower. His wife makes the money but can't be on the deed due to some personal reasons. They would like to refi with a better lo...
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Hello everyone, I am a new investor and I came across a foreclosure property and I was doing research on it. I found that the property was foreclosed on in 4/2014 and in 12/2014 the trust that owned the land did a Qu...
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Hello. I'd like to try purchasing a rental unit using a lease option. Does anyone have a good formula/ template that they start with? For example:1. How much do you generally put down? 2. How long does a typical lea...
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I'm looking to sell a mortgage note. I understand that to sell it I may have to sell at a discount. What is the typical discount? The borrower always pays on time and never had problem paying. Would like to get an ide...
I work at a youth camp and I make a low income, but housing, health insurance,and other benefits make up for the low income. I am trying to get a mortgage for my first investment home purchase. I have about $30,000 ...