Michael H.
R.U.B.s for House hacks? getting a second mortgage after 2 years?
Hello BP family,My wife and I are renting our upstairs bedrooms to cover 85% of our PITI, we claim the rents on our taxes,use real leases, BG & Credit checks, the house is our homestead (Not in an LLC). we have be...
Peter Palmer
How to see if there is a mortgage on a property?
For properties I have found from driving for dollars what is the way to find out the name of the owner and if there is a mortgage or any liens on a particular property?
Stephen Burden
First time home buyer Mortgage: Which type & where to get?
I'm a first time buyer and looking to buy a multi-family property. Where is the best place to look (credit union, broker etc) and what is the best type (I'm not sure if I will or will not live in one of the units or ...
Jeffrey S Bratcher
Turn room rental into biz income stream to qualify for mortgage
I rent out the third floor of my home. I declare the money on my personal taxes..take deductions...and use the profit to pay my current mortgage. But what if I started an LLC...had my tenants pay that LLC...then took ...
Tom Crockford
How do people get started in property development with a mortgage
Hi Guys,Let me start by saying I'm very new to this, but i am finding it very interesting! So my question: I've been doing research online and have absolutely no idea how people start property development with a mortg...
Wesley Cook
Financing a Rental Property with a new Mortgage on Primary Home?
Hello Real Estate GENIUS'! I bought a rental property with a cash deal last year, but only because I took out a new mortgage on my paid-off Primary residence. I did this because the closing costs for refinancing my ...
Sean Woods
Next steps? Pay down mortgage for more equity or save separately?
Hello,I am very new to investing for my future. I previously thought that buying my house would propel me in the right direction but now I am realizing I would have much rather purchased a multi-family property with m...
Frank Y.
Borrower change from LLC to C-Corp impact on current mortgage
Hello all: We lent money to a LLC (two members) last month, and now the LLC wants to change its structure to C-Corp. What impact do we have to our current Mortgage and Note, or what do we (private lender) need to do? ...
Marc Webb
(VT) Building or buying a multi family with a JD mortgage
Hi all,By way of background, I am a young lawyer in Vermont and looking at getting into house hacking. The problem is that a lot of the multi family housing stock in the Chittenden county area where I live tends to be...
Laurence Obi
A DEFAULTING MORTGAGE DEAL FALLS IN MY LAP AND I'M LOST!
Hi Guys,I need a lecture. Yesterday I got a call from an agent who said his client had defaulted on their mortgage and would be foreclosed on. However, the homeowner was open to transfering the mortgage and taking cas...