Bill S.
Help - Private mortgage holder will not provide payoff amount to title
I have a wholesale deal about to fall apart. The seller's mortgage is a private mortgage (1st only) with an old RE agent who is 93. I have the property under contract and it's a good deal (not a great deal) and the mo...
Gladstone Rennie
Is it Possible to wholesale a property with a Reverse Mortgage?
Hey BP,
Hope I can get some assistance on this one. I'm still new so please bare with me. I recently had a call come in from an owner that wants to sell his fathers property fast which is great but he has a r...
Swapna Nair
Recommendations for Online lender who can do more than 4 mortgages
Looking for recommendations of online lenders who can do more than 4 mortgages. I researched BP and mostly everyone was recommending local banks and credit unions but since I have properties in multiple states, though...
Jordan Archer
When purchasing subject-to, how will the seller acquire another mortgage?
Hey BP,So, if I buy a property sub2, how will the seller be able to finance another property when they are tied to a 30yr loan? Are they stuck until that loan is paid off?Just trying to think of all questions a seller...
John Hicks
Should I try and consolidate 3 mortgages with a portfolio lender?
Esteemed REI's,
I wanted to get some opinions on my current mortgage situation and see if there is an option that will possibly lower my interest rate and payment on 3 long term rentals I have. I hear a lot a...
David Jesse
Do I pay income tax on rent income paid towards mortgage?
Hello EveryoneI am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on t...
Diane G.
How did bank see my timeshare when there is no mortgage
Calling you all lending guru.....This is a odd question I know....So I have a timeshare that I bought years ago for $50K ish cash....No mortgage, but there is a on going HOA monthly charges of like $400 a month.....In...
William Sumnicht
IRS rules - Pairing a 1031x with BRR and a mortgage partner?
Hi all,I have this combo-strategy dreamt up, and I'm curious if anyone (especially tax or 1031 experts) has insights or opinions as to whether or not the IRS would drop kick this right out as taxable boot in a 1031.*D...
Jeremy Chaser
Is a conventional mortgage an option when I already have one?
Long interest in rental ownership, and I believe I live in a great area for investing in a duplex/triplex given the strong rental market.My concern is that I already have large mortgage on my primary residence. I make...
Alexander Magana
advise on how to get a mortgage to buy and flip
looking for advice. I visited 4 different banks today and ask about a mortgage to buy and flip, I was told I have to have a 15% downpayment. what can I do? any advice? thanks guys.