Jeremy Segermeister
Built my forever home - now I might need to move!
Hi everyone,
I spent 2.5 years building what we thought was our forever home in the Bay Area. We did things that would not make sense if I were building it as an investment property. Due to some life changes, we are ...
Justin Cutler
How to possibly structure a duplex with meth issues
There's a wholesaler that brought me a potential deal. One side of the duplex rents for $650 and the other side should rent for $650 as well. I've found that rents are under-market here so there might be upside. Th...
Ken Primrose
Anyone ever encounter Reverse Amorization on a commercial loan?
Anyone ever had a commercial loan that each month increases your payment of interest and decreases your principle payment on a fixed rate mortgage? I caught this from my bank and they told me the bank doesn’t set the ...
Nikhil Agarwal
Flow of Funds with Property Management Companies
QQ on how property management companies work! Typically, do the tenants make payments to the property management company (and then the property management company forwards the funds to us (owner of the unit)? Or does ...
Robert Livero
SUBJECT VS LEASE OPTION
HI ALL,
A FRIEND OF MINE HAS A PROPERTY THAT IS A BILEVEL THAT THE OWNER WANTS TO TO GIVE ME THE PROPERTY SUBJECT TO THE LOAN ( I'LLTAKE IT OVER), FOR 272K , PAYMENT IS 2017.94 PITI (RENTS IN THE AREA ARE AROUND 15...
Justin Young
Using OPM to purchase
Iv done a deal were an investor loaned me the down payment to buy a rent house and the bank loaned me the rest to purchase the house. We had a promissory note made by my lawyer for me and the investor. He then took th...
Ginger Williams
How to prepare for Meth Labs in Rentals?
I'm always looking for ways to minimize my risk. I recently discovered that meth lab clean up isn't covered with our insurance. For those who don't know, cleaning up a meth lab can be very costly - and there's a right...
Paul Thompson
Brrrr: Bank said they would refinance with a 15 yr mortgage
Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into ...
Heather Tobias
Which banks accept gift downpayment for an investment property
I live out of state, but I want to purchase a multifamily home in Ohio as a rental property.
My brother wants to gift me the majority of the down payment, and he plans to be on the title with me, but I am having a ha...
Daniel D.
How do i purchase an investmen property w/ a borrowed down pmnt.?
Hey Everyone, I currently own a few rental properties, mostly 2-3 families. I have another deal coming up soon, but i dont have my own cash for the down payment. However, i do have a person that can give me the down p...