As an investor I like to buy houses for the investment, but the truth is, my real love is technology. I’m amazed at how far the technology has come in cars for example from a horse and buggy to the fully electric Tesla; a lot about cars has changed. For those who grew up in […]
Remember back in the early and mid-2000’s when no documentation home loans became very popular?
If not, perhaps you were still a bit young, you weren’t a self-employed home buyer, or you had not yet become involved in the real estate industry. In any event, if you’re not familiar with what a no doc mortgage is, […]
Are you a Real Investor… or Just Another Landlord
by Dave Pickron, Investigative Screening and Consulting
While most of us like to think of ourselves as “investors” instead of “landlords”, the difference between the two is more than just a preferred term. Investors generally spend their money on rental properties and use them to generate income; landlords […]
Mortgage News Today!
Andrew Augustyniak, Peoples Mortgage Co.
There were a few changes made in relation to QM (Qualified Mortgage) that were implemented in the beginning of January that may affect borrowers. What is Qualified Mortgage? Basically it is a new set of regulations to protect the borrower and make sure that they can afford to […]
Question: If my tenant is repeatedly late with paying rent, can I report him to the credit bureaus?
Answer: Unless you are an authorized subscriber to the credit bureaus, you cannot report individual delinquencies or a tenant’s lack of payment. Because of the stringent federal reporting requirements and the associated fees, most landlords (whether small […]