We have excellent credit. Want to refi a single family with existing $32K mortgage that we have owned for 20 years. Minimum amount bank would refi is $60K for $75K appraisal. Denied due to "Fannie Mae won't buy the...
I am selling a rental house I have owned since 2006. It has been a rental since 2012 and I was just notified the tenant will be moving out March 31.
So, I have a couple questions:
Should I talk to an accountant or h...
Two-family home in HCOL area worth $1M
$500K owed on mortgage
$3500/mo PITI
$6000/mo rental income
Have opportunity to sell now; unit 1 would be exempt from capital gains tax via sec 121 exemption (lived in 2 of ...
My name is Robin, from Columbia, TN. (About an hour south of Nashville. Currently, I own the house I live in outright, and have two rental properties - one outright and one with quite a bit of equity.
Even with the ...
Hello my name is Jermaine Washington. I'm 24 with a passion for real estate. I was raised around real estate my entire life but never enjoyed what my parents did. My mother is a broker in the state of Michigan and sti...
I'm looking to buy a cash-flowing duplex for cash from a wholesaler and then refinance out later, basically the BRRR strategy. If I don't use financing for the initial purchase of the house, can I actually deduct th...
Very long story short, I was mislead, misguided and ultimately ripped off by a chain of real estate professionals. Unfortunately among other things, it resulted in 2 short sales and I had to walk away from those 2 pro...
Hello all, I need to arrange some money for my ongoing business. While searching for a way to raise fund for the business, I got to know that there are financial institutions that offer credit and loans based on home ...
My wife and I are moving and are going to be renting our current home, it is a 2 bedroom, 2 1/2 bath townhome. I was looking to get suggestions from some more experience landlords on whether or not to leave our washer...
I’d like to get in on these low mortgage rates and do a partial cash-out refinance so I can get this ball really moving. However, this house I’m in is only partially finished, and I don’t have the finances to get ever...