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A friend of mine, John, owns a house free and clear, estimated value $190K, in Lilburn GA. John lives out of state, and his tenants left suddenly and left the house in a bad state. John is currently unemployed (he qu...
Hi I was interested in knowing if you can help me in my situation below.My wife and I are currently living with my in laws. They had a loan modification about 3 years ago. They are no longer able to make their mortgag...
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When applying for a loan do banks value equity in property less than cash? If so, by how much?Thank you
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So I am a newbie in the eastern Ohio area to the investing game. I’m am looking to buy my first rental as soon as possible. I’m starting with a lower priced rental, and would like to know, what lenders have you guys h...
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i'm getting ready to purchase my first rental property but I'm running into some issues, I own a home ( I live in) which has 100,000 in equity and I will like to use that money for down payment or just buy a property ...
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I may have gotten myself into a tight gut spot early on in my real estate career.
I purchased a property with cash under my name, rehabbed and have it renting at a great rate and have about overall 4% after all costs ...
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I would like to know how lenders typically view rental income when applying for further loans/mortgages. Do they view this income as part of your gross monthly/yearly?I myself have a W2 job and make an about an averag...
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I have a meeting scheduled with the AVP of real estate with my credit union at the end of this week. My goal of the meeting is to discuss with him my investment strategy and ultimately get a green light. Obvious topic...
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Good Evening, I am a rather new investor currently closing my second deal. Im looking into ways to increase my buying power to a level lenders like to play at. I've been sniffing around the idea of using credit cards ...