[Note: I initially posted this topic with a poorly worded title - thanks to autocompletion on my phone - here. I am reposting with a new title and have cleaned-up the narrative].
I've been ap...
I have two STR properties in the Gatlinburg area. Currently owe $13,000.00 on cabin #1 and $235,000.00 on cabin #2. Each cabin would currently appraise between $900,000 and $950,000. I am trying to decide if I shou...
I have a triplex under contract that needs a lot of renovation, about $90k. The lender basically says I need to have these renovations done before I can get a loan based on the appraisal. The way I see it is I have a ...
My first RE investment may be a bad investment, according, to two realtors who specialize in the market area. I estimated an ARV of $310k after rehab, but they say I will be lucky to get $275-285k. Below are the det...
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...
The lender of the first mortgage on the house which my wife has sole title of, made an error when the mortgage was created, and does not have a lien on the property.
We are in the San Francisco Bay Area. My wife and...
👉 Debt to buy assets is completely different from credit card debt (bad debt).
Leverage (when used correctly) is a powerful way to build wealth.
Here's how:
1. We buy an apartment complex.
2. The bank contribu...
Above/beyond what I'm putting away in 401k/IRA/529/taxable accounts, I want to invest $200K/year for the next 7 years. What would be effective ways to parlay that into a great passive income? How would you do it if ...
Before the 2007–2008 mortgage meltdown, getting a conventional loan was much easier. If you could prove you had income on your tax returns whatever the source (1099, temporary positions or non full status employee pos...