Dakotah P.
Will getting small auto loan disqualify me for new mortgage soon?
I have a dilemma: I have a 15 year old BMW that now costs more in upcoming maintenance than the car is worth so it's time to get rid of it. I plan on getting a modest, 3+ year old used vehicle from around $12,000 or ...
Kegan Brenner
Smart to pay down the mortgage sooner with low interest rate?!
Hello all, I am new to the group and wanted to start by asking a question on our business office building. My wife and I own a dental practice and purchased our building. Purchase price was $2M and we financed $1.7M @...
Mike Chern
How many mortgage do you have? At what number become unmanagable?
just curious, I have 4, I setup auto pay at 1st, 5th 10th and 10theach month.I always wondering if a person has 20 or 30 SFH, that will be one mortgage due like every day each month.
Burt L.
Uncle Quit-Claimed House to Nephew, Who Wont Pay the Mortgage
I was contacted by the uncle, who made the obvious mistake of Quit-Claiming title instead of doing a Contract for Deed, etc. The Nephew has refused to pay the mortgage or to respond, and has said he will be there unti...
Brian Witherby
Non Owner Occ HELOC or 15/30 Mortgage < 5.5% w Private $?
Does anyone have experience with private lenders listed on the BP database that could conform with the above scenario?I have a single family house I bought with cash for 35k that fully reno'd has comps within 0.5 mile...
Mark K.
What does it mean to "carry back the loan/paper/mortgage"?
Hellp BP Fam,What does it mean to "carry back the loan/paper/mortgage"? Could you provide a contextual example? I am researching note buying and have heard this phrase brought up a few times. Thank you in advance!
Jeff G.
Sitting down to make business plan. A question about multiple mortgages.
So I am sitting down to iron out my business plan. Spending time on BP it seems that many people who have 15,20,50 houses hold mortgages on most of them.
My wife and I are conservative by nature so the thought of 1...
Suzie Remilien
Contingency-reserve fund when using investor money to buy mortgage notes
How much money do you set aside for contingencies (i.e.bankruptcy, unpaid taxes, evictions) when purchasing notes?Also, how long should such contingency funds be held and should they bear interest?
Jim Kalish
How can I combine personal mortgages into a single large loan
Hi BPs. I hope you will forgive me if I'm in the wrong forum but this is only my second post. I have mortgages on 4 properties, all of which are in my name. I've had these properties for 6-8 years. But I want to e...
Gabe K.
I am a real estate investor getting my Oregon Mortgage License
Hi BP'ers! I am a full time real estate investor. However, I got my real estate brokers license a few years back to broker my own deals and for friends/family. With all this extra time on my hands during the pandemic ...