Michael Plante
Do lenders allow seller to give a second mortgage to buyer?
Anyone ever gives second mortgage in a house they sold?I am thinking about it to bring the sale price up (for comps) as I have 2 more houses I will be selling in the neighborhood
Zion Griffin
Mortgage not paid for 7 years & Bank has not Foreclosed
Aunt didn’t know she still owned this property in the countryside of Georgia, USA, she’s been I’ll for the past 7 years. She has not paid the mortgage in 7 years and there are tax lien on the property. I do know norm...
Lauren Mattina
Can you build equity the same way through a private mortgage?
I'm debating whether to purchase my mother's home through a private mortgage as a way to start house hacking but want to make sure I am able to build equity in a way that will allow me to use it to purchase a second p...
Rosston Smith
Should I get a reverse mortgage to utilize equity to invest?
The person I know is 76, he has $300k of equity in his property and wants to stop working. My thought process is if he gets a reverse mortgage lump sum, he can invest that money into cash flowing multifamily, and can ...
Luke Doyle
BRRRING in BC - Purchasing with Cash vs. 1 year fixed mortgage?
I am currently listening to the BRRRR book by David Greene. I have listened to the advantages of buying a property with cash. In British Columbia though to buy a single family home in a market with a decent vacancy ra...
Kameron Wilson
How to use future rental income to qualify for a mortgage
I am trying to buy my next house but I want to keep my old single family as a rental, I dont have 2 years of rental history and I have never worked as a property manager so I am wondering if anyone has any tips that I...
Benjamin Blackburn
Great appointment, Owner has a mortgage, what should I do next?
Hello everyone,Yesterday I had an appointment that went well, and the home owner just wants out. She does not need the money, she just wants to get out of her situation. She owes about 87k on her mortgage and house ne...
Adam Gagne
Seeking a Mortgage Broker or Bank in Houston (cash-out Refi)
Hi all,I just completed my first rehab job and about to place it on the market for rental. I would like to begin exploring my cash-out refinance options and am having a hard time finding an investor friendly broker or...
Abe Heaney
Principal portion of the mortgage on a Buy and Hold investment
Hello BP Community,I am new to all of this and I am still in the learning phase of REI. Been reading a lot (rich dad poor dad, etc.) and listening to the Podcasts to try to find which niche would be a good fit for me...
Benjamin Cowles
Would you try to negotiate the seller take a 2nd mortgage?
If someone was offering seller financing on say half the purchase price and your other funding source would only offer financing with a first mortgage would you attempt to get financing from the owner with a second m...