If bank is primary lender on a mortgage and forecloses and property also has a second line of credit securing the property as second in line, do those secondary obligations attach to the buyer of the property at a for...
Hi Everyone, I think I've hit a wall with convectional loans that I believe will prevent me from pursuing deals for a while. I own four multi family buildings (1 Triplex, 3 Duplexes) and make solid cashflow on them. H...
Hello BP community,Do banks allow for properties to be leased as vacation rentals? If there is already a mortgage agreement in place, what would prohibit owners from entering the short term rental arena vs doing long-...
What’s the best way to handle the taxes on a property I just purchased. I’ve heard of tax lenders, but don’t have equity in property it was a “subject to” deal.
Anyone can point me into a tax solution.
in process of purchasing a new construction home. will be closing in 6 mo. we bought it as primary home. but change in plans. now want to close it as a rental/investment property. can the builder or builder's mortgage...
I found a 3-plex that I would like to house hack. The plan is to use an owner occupied 5% down conventional loan. The seller is willing to carry a note for the 5% and accept monthly payments until it’s paid off. This ...
hey guys,
Looking to get started next year in real estate but I don't really have any hopes of saving up thousands of dollars for a 20% down payment that my local credit union requires for investment properties. An...
Hello everyone!
My partner and I are looking into purchasing a multifamily building (6 unit) in Hartford, CT and trying to come up with some creative ways to put the least amount out of pocket into this deal and stil...
So I recently purchased my first investor property (single family home) which was really exciting, we got it rented quickly and the numbers are all where we want. When we had been talking to the bank originally they m...
My friend and I are both veterans. We invested in a 3 family property about a year ago now. 100% of my friends VA loan was used, however, I am still on the loan because it was the only way we could get approved for th...