Hey there! So I came across this subject to deal that needs some rehab and I have a question in regards to refinancing later. I will be taking over the payments and there’s a balloon payment in 5 years. When refinanci...
Hey Everyone!
Earlier this year (April) I bought a duplex for $49k with a short term interest only loan. The main reason I went for it was because I knew the rent more than covered the monthly payment and my mortgage...
The conventional wisdom would be that most distressed homeowners you find today would be upside-down on their loans, which obviously wouldn't make the property a good wholesale candidate.
To all you wholesalers out th...
Refinancing Your Mortgage: When It Makes SenseImportant considerations for when refinancing is a good financial move.Refinancing your mortgage can offer a way to take advantage of low interest rates -- or, if your mor...
After a recent close on a property, I have been working to collect rent from my tenants and for the most part this has not been a problem, but there is that one...
Situation: current lease expires end of April with r...
let's hear your thoughts on this and how it can be avoided.
Per Oregon law, I posted the pay or vacate notice on the 8th day after rent was due giving the tenant 3 days to move out. The tenant moved out without talking to me and isn't answering calls or texts. Is there any oth...
PM sent Security deposit disposition without mentioning the "pay by date" to the previous tenant. Saying the following:"Regarding the security deposit disposition on xxxxxx .Although not mentioned specifically, the am...
I currently live in and own a three unit building in Chicago. With the rental income I still pay a few hundred dollars a month toward the mortgage/taxes/insurance. Looking for advice when it comes to filing my taxes. ...