Greg Koszkul
Purchasing a Single family with a line of credit?
What are your thoughts on purchasing a SFH with credit? This would be using credit for the down payment rather than cash. For someone with limited funds up front, what are the negative impacts this can have, assuming ...
Kevin Sapp
Providing a gentle reminder to a lender
I'm working with newbie rehabber, providing a small loan to purchase an all brick including basement 2000 square foot SFH in a decent small neighborhood. Term on the note is 1 year and started October 2013. First pa...
Joe Austin
Potential 5 year Seller finance deal
2 Family Building RentMortgageOther ExpNet Profit 1st Floor - Taxes 1,124 2nd Floor - Insurance 292 3rd Floor 1,500 Heat - 4th Floor 1,550 Water&Sewer 150 5th Floor 2,800 Electric 100 S...
Mack Keyvani
Can we deposit money into the escrow account from multiple banks?
Hi,My brother and I have a property under contract and both of our names will be on the deed as joint tenants with rights of survivorship. Each of us will be providing half of the down payment. However, the loan will ...
Jonathan Louie
Downpayment vs Cash for Rehab and/or Future Downpayment
My wife and I are having a hard time figuring out how to weigh the use of capital for future costs vs our monthly payment. Liquid cash on hand is not a problem for us now, but we need our monthly payment to be managea...
Ishmael McClinton
Oakland Rent Control
I refinance out of my city of Oakland first time homebuyer loan which made my mortgage payments go up. I raised the rent accordingly try to keep up with the mortgage payment. Am I in the right for a Fair Return? Tenan...
Laramie Hiebner
Interest only loans on small multi
Hello! I was wondering what the pros and cons are of interest only loans on small multi family properties! I know you would have a higher cash flow. What are some things people have noticed from these types of loans i...
Tanya Paine
How to recover lost rent & damages
Hi All,
Background:
I recently had a tenant leave my property (prior to having to go through the eviction process) who was multiple months behind in rent, had late fees, and damages to the unit documented and itemiz...
Travis Moe
Trying to Refi SFH, fully occupied LTR... having trouble.
I'm trying to refi a SFR in Jax and I'm running into difficulty. I've been using conventional lenders but I'm getting pushback because the amount is under $200K. I owe about $162K on a property worth maybe as much as ...
Lorraine Martin
Amortization Schedule to use as a tool
Does any one know about a good amortization schedule? trying to see how much we would save over a period of time if we put X amount of money towards payment and how much we can save in interest over time.