I was told by a co-worker that banks would not look at my personal home when financing rental units? And that banks make rental financing decisions based how much cash flow the rentals will produce. This does not mak...
Hello friends, my dreams of a real estate empire are going up in smoke. I won't bore you with the details but I have a handful of properties that I stopped paying the mortgage on about 12 months ago. The banks st...
I have a short sale prospect. This will be my first short sale. I have already started initial conversation with the lender on the loan. From reading and some experience looks like the lender will require a package...
I am interested in possibly purchasing another MHP and i wanted to see if someone could tell me a good formula for evaluating the parks purchase price, i know the current owner is gonna be a little high and i want sol...
Situation:Single Family Rental financed on 15 year note. P&I payment is $330 dollars. 13 years remaining on amortization schedule. Payoff amount is $35,000. Interest rate is 5.25%. No plans to sell, assume a ...
Hi all
What are standard list agmt terms when selling an investment property? What are ideal terms? I have an agent proposing certain terms and I'd like to get these terms here at BP.
One of the terms proposes that a...
Does anyone have experience purchasing reperforming 2nds from PPR Note Co? I am an investor in their fund and am considering purchasing one of the notes they offer for sale. Thanks - Tom
Hello All,As I continue my research on financing options for a flip I am interested in performing, I seem to be receiving conflicting information as to the timing restrictions should I take out an FHA Loan to finance ...
I know this is mainly for US investors but anyone out there buying land and building in GTA and surrounding?I plan on securing my first land to build this summer and would like to hear anyone experience on doing it wh...
As a investor, if I can buy property using owner (seller) financing, it is good for leverage.But using this technical, can investor still get positive cash flow?If it can not get positive cash flow, the leverage becom...