Anthony Wienke
Will paying extra on a mortgage always go towards the principal?
As the title asks, will paying extra each month on a mortgage, business loan, or any loan for that matter always go towards the principal? Or are lenders just too "crafty" if you don't say anything about the extra amo...
Robert Czekalinski
Pay off current home mortgage or use equity for new home?
Hello, I need some advice from "smart" money people on what to do in my situation... It's a good option that I have I just want to do the right thing.. I am currently 34 yr old live in Fort Myers FL and bought a house...
Account Closed
Mortgage broker says property must be in my PERSONAL name, what?!
I'm looking to branch out into buy and hold rental properties in my area. Found what looked like a decent deal, that is until my mortgage broker told me I can't get 30-yr residential mortgage because the property woul...
Eric Armstrong
BRR and then line of credit or refi with a mortgage?
Interested to hear your thoughts. Purchase a rental with cash/private money, fix, rent and then refi out with a mortgage or get a line of credit on the property? Personal name or LLC?
Mortgage route -
Pros - bette...
Alex McGhee
Mortgage wraps, legal title vs equitable title and S Carolina law
Watching a podcast the subject of wraps was brought up. The guest/investor mentioned he wrapped an existing mortgage; the seller retained legal title and the investor obtained equitable title.Q: If the seller had a ju...
Jimmy Deringer
Pros and Cons of buying a property with a 2nd mortgage
I've been thinking about buying properties from people who have a second mortgage and third mortgage on 2-4 unit buildings. My problem is, I just can't decide whether I should make the time investment to focus on the ...
Sebastian Joseph
Mortgage interest received into IRA LLC under a self-directed IRA
I have received Mortgage with interest into my IRA LLC under my self-directed IRA from a Client who loaned under a Mortgage Note. Do I have to issue a 1098 to Client and copy to IRS and keep the same for my Records ? ...
Jon Binder
Credit Union Charging LLPA fee for a non Fannie/Freddie Mortgage?
Hello,Background: I am in the process of purchasing a new principle residence. I am using a local credit union for financing and putting 10% down. Originally, the credit union was planning on financing under Freddie/F...
Tim Ivory
Need a Good Mortgage Broker to Work with for Lease Options
I’m about to market for tenant buyers as part of a lease option strategy and need to be able to set them up with a good mortgage broker so we can see exactly how long it will take for them to qualify for a mortgage an...
Ray Trounday
What would say are the number of active mortgage note investors?
I am curious as to the number of active mortgage note investors in the note space.