Jeff L.
The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?
I can't seem to find a definitive answer to this.Some people say that the limit is 10 properties (not loans), so even if all 10 properties were under 1 loan, you would be at the limit. Is this the case?Also, does it m...
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...
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 ...
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...
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.
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 @...
Rishi Patel
Broker and Mortgage Lendor - WHAT TO ASK & HOW TO CHOOSE
Hey All,As I am new to real estate investing, I need some Advise from folks here.I found a property on MLS and I need to call broker about it and slo get pre approved.Can anyone help as to what to ask broker who might...
Allen Brouwer
Starting With $100K, but still have a mortgage with 1% equity
OK BP. I've been reading and listening to the podcast and I'm ready to make a move.Background: Wife purchased a home last year (before we were engaged & married) with 0% down with Agricultural Loan plan. We still ...
Chavis Atkins
Release of Mortgage, what does this mean for homeowner and investor
Ok, so here we go. I have been running into for the past year homes I find vacant/abandoned, know home is a good rehab project, find out who the owner is (assessors site) plus viewed treasurer site to see who is "payi...