I am currently in contract for a 2 bedroom condo which is rented out by the seller to tenants with lease until 05/30/2020 (6 months out). I read online that i will have to honor the existing lease and will only be abl...
Hello,
I just purchased a property through a hard money lender who loaned the $$ to my LLC. My plan was to refinance into a conventional mortgage to pay my lender back. I went to refinance and the bank won't loan to...
Hi All,
Lately, we have several South American investors coming into our area to buy for the great cash flow Scranton PA offers.
Over the last year or so, they have been buying for all-cash, but now some are looki...
I put in an offer on a home that the listing agent said has “septic issues”. I plan to have an inspection done but I’m concerned I won’t be able to get a mortgage for the property if the septic is not functional. Sinc...
Hello everyone,I have an 8-plex in South City St. Louis that I'm looking for a property manager for. The area is less than ideal and I'd prefer a manager that already has experience in dealing with the quality of tena...
I own a duplex, live in one unit.It has two separate street addresses, but the mortgage interest, etc. is apportioned in a lump sum to the whole building.When it comes to apportioning expenses such as mortgage interes...
I own an investment property outright and I am curious if it is possible to transfer deed from my name to the SDIRA account I would set up? Would I be able to sell it to my SDIRA or would the deed just transfer with s...
If an appraisal comes in at a higher amount than the sale price, does the lender fund based on the appraised value or the sale price? E.g, sale price is $80000. Appraisal comes in at $100000. If the bank lends at 80% ...
We're ready to buy our first house and I know that starting with a multifamily is the first step towards financial freedom. My wife is going along with it (I think only because I saved the down payment money over the ...
I am hoping to get some perspective from other more experienced investors here. There is a rental property that is going into foreclosure that is literally next door to our primary residence. There are tenants in the ...