Should I apply a Home Equity Line of Credit to remodel my current home to prepare for renting? I am buying another house and will be applying for a new mortgage in about 6-7 months.
Thanks for any advise.
Fixed-rate and adjustable-rate mortgages (ARMs) are two standard mortgage products.
A fixed-rate mortgage has an interest rate that stays the same for the entire loan term, usually 15 or 30 years. This gives borrower...
Approaching the end of our first tenant’s lease. We have been using RentRedi for tenant screening and rent collection. Once we walk through and verify all is in good order, is there a way to return the tenant’s secu...
Buying a house with Solar installed on lease solar company wasn’t paid for 6 months by seller and is now refusing to accept back payment to reinstate the service and remove the lien. The Solar Company is demanding fu...
Does anyone know of a good way to organize a professional way to structure payments on a private loan?
What I mean is that I have a private loan from a family member and I could simply print an amortization schedule ...
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment. Does this make sense financially? If the payment is considered a busi...
I'm having a hard time finding a affordable way to turn my current house into a investment property. It is on a arm and a 30yr payment is to high for a renter in the market its in. I thought of just refiancing the 2...
Hello AllI have concrete issue at hand. I am looking to invest into a rental property (or multiple) and looking into financing options.I have 46k in savings and I also have the option of refinancing my current home an...
Hi guys,I have 3 questions about the 1% rule for rental properties. Is the 1% computed on the asking price or is it calculated on asking price minus down payment?Consider the following scenario:Asking price = selling ...
A prior tenant moved out quite abruptly in the middle of a lease period owing about $2K in back rent and lease break fees (specifically outlined in the lease). I've been communicating with the tenant over the past fe...