Pardon the newbish post, my financial strategy needs reworking and I am hoping for some feedback here to help.I am in the process of my buying my partners stake in our short rental in Maui. We split the down payment...
I currently Live in florida i have been almost looking at 120 deals a day. I find some good cash flow deals but dont have the means to put a down payment on any loan or any offer. Reached out to friends and family and...
Yesterday I closed on my 8th rental unit. Its a 900 ft 2/1 that I bought for 54k, it's probably worth 70k as is. Terms were 5k down, and $450 principal-only payments till its paid off, so a little over 9 years. The fi...
Just signed a contract to purchase rental #15. It is my intention to STR the subject property. I signed a contract to purchase this property subject to the mortgage. I would hate to have the note called and have to pa...
Day in and Day out I get people calling me for help. They want to buy a house. I have them send me a credit report and although I'm obligated to help I can't help wonder what these people are thinking. Back to back co...
I'm extremely new to the idea of using my current home as a rental...but thought it might be a great idea. I've had it listed to sell because I am planning on moving 3 hours away. I've had numerous looks...but no bite...
If I get a 50k loan from a private money lender to purchase a property and then a friend loans me 5k for the down payment to the private money lender is that doing too much borrowing?? If not, what is a good interest ...
I am selling my commercial building and am financing the sale. The bldg. is paid for.There will be a down payment and monthly payments but the profit won't be realized for years. Is there a way to avoid the tax liabi...
I am currently trying to use the equity on the 1st home with a credit union bank , I want to do a cash-out refinance of 80k to purchase a 3rd property, but the credit union is saying that my debt to income ration is a...
So I’m sure this happened or happens frequently but this is my first investment property. My insurance and taxes aren’t in escrow with the lender. I’m other words I have to pay these payments my self without them auto...