I have been asked to make a loan with a 3 year balloon. The borrower who is in real estate characterizes the purchase as a "live in flip." Nevertheless he and his wife would be living in the home. I had a concern a...
I currently own a duplex in Madison, WI. I live in one side and rent the other. I bought the duplex about 1 1/2 years ago for $195,000. I used a FHA Loan with about 5% down with PMI of $120/month. I currently owe appr...
Hello all,Thank you in advance for your responses and help. I currently have 2 rental properties that cashflow right around $500/month each. Having that these both are going on almost of year of being rented out I hav...
So, I have an ad stating that I'm looking for Mobile Home Notes to purchase.
I get an email from somebody (no name on the email!) telling me that they have notes, but won't release any info on their notes wit...
Do you buy a property based solely on numbers or does the location play a part ... even if the numbers are good.
I found a duplex in an undesirable community that I never even thought about. I really don't want to bu...
Hi everyone,Thanks to this forum and a personal + family network of good real estate advice, we bought our first property earlier this year, which is cash flowing very well (I think we got lucky, finding an all cash d...
Hi, I am in the beginning stages of the real estate business here in Arizona, and my dad has expressed his desire to help me get started. So far we have talked about the idea of him buying a house with 100% of his ow...
Hey BP,So my wife and I are currently renting a condo, and I take my dogs for walks around the neighborhood daily. I have been walking by the same condo for over a year now, and it looks like it has been vacant for qu...
I doubt anyone has questioned this in the forum before. I couldn't find the answer, so I'll pose it here.How did society allow mortgage companies to evolve a strategy whereby mortgages all have front-loaded interest p...
I am trying to work a lease option deal where the tenant buyer gets $200 a month out of their monthly rent to go toward the purchase price of the home once they exercise the option. I have heard that a rent credit can...