Hello fellow BPs.I currently have a 15 year mort. @ 2.875 on a 285K loan on my primary home. I am thinking about doing a cash-out, more less 100K, and going into a 30 year mort. @3.99. I can afford my current paymen...
I am selling a house out of state. Purchase price is $260K, loan balance is $190K. Buyer is buying as investment property, but his rate is over 5%, and making it not much of an investment. Our interest rate on the loa...
first, i'd like to say "hi". been reading the posts/blog here for a few months, but it's finally time to join the forum.
second, not sure if i am posting this in the right area since the layout of the forum is a litt...
I know (or believe) that there are laws in place to protect a tenant's lease in the event of foreclosure. I looked at a property today that is being auctioned online. The tenant told me that she paid her landlord 6 ...
I'm learning more and more about sub2s.
Since the mortgage remains in the seller's name, would the seller have difficulty getting another one? Considering the "seller's job relocating" - the seller would probably wa...
The topic of loan servicing came up in another thread here on BP and to more fully respond, I thought it was best to do so as a new topic.
I strongly advocate the use of a loan servicer for any installment contract o...
M first time posting. I've lurked for a couple of days and would like for you to see if someone could analyze this deal for me. It's located in Florida
I'm looking into a quadraplex setup as 2/1 f...
Every ethical landlord has a method for selecting tenants that profits his business while operating fairly.
What percentage of potential tenants have you considered low-grade? Where do the low-grade tenants go when t...
OK here we go. Looking for advice, comments or deal or no deal. As a new investor I think I may have found a good deal on my first multi family property. I've taken the advice of this board and others to look at ownin...
I'm preparing to purchase a business and the owner wants a flat purchase price and will charge zero interest on the loan. Her attorney told her she is REQUIRED by federal law to charge a minimum 2.75% interest or els...