Hello all, When selling a note what is the best way to determine value? The note is a 1st position 7% 10 year contract for deed at 56% LTV with 7 years and 10 months left. Details:Original purchase price: $138,000Down...
Hi everyone. I am taking the plunge on my first STR. I've been checking markets and have honed in on a particular market. I have a realtor I'm working with who focuses on STRs. I'm now looking at the financing. My rea...
Are there any disadvantages on using assistance programs on an FHA loan?
I recently got my first tenant in my contract for deed property. I had told them that i require online rent payments. As much as I remind them and ask them to sign up they will not. They sent last months rent as a che...
HI Note Investors,I currently hold a reperforming note where the borrower has a very impressive track record of 24 months of payments since her loan mod. I would like to help get her refi'd so 1) she will save money ...
Hello,
I’m 31 and weighing my options on whether to buy or wait until I pay off my debts. I have 2 loans totaling to $20k. I make $90k a year and have saved enough for a 3% down payment on a home under $300k. The mon...
I'm a new investor on the southside of Chicago closing on a two flat next month. I will live in one unit and rent the other one out. I have a 203k rehab loan. I just found out about a program Chicago offers for the ne...
When you rent out a place how much do you require your security deposit to be? 1 month's rent, $1,000, $500 etc? What about requiring last month's rent and first month's rent? I was thinking of asking for security dep...
Are utilities included in the rent price for MTRs? Or do tenants pay for their own utilities?
What would be the perks of using an FHA loan to househack on a multi family home (duplex-triplex)? There's the lower down payment but that makes your mortgage higher, you have to pay the the PMI (I forgot the term on ...