What happens to your other properties if you foreclose on one of your investment homes?
Can the government/mortgage company go after your other assets if you foreclose on one of your investment homes?
Sphere: Related Content
Does anyone have suggestions on how I should purchase my first investment property?
I live in Texas and I’m planning on buying a property to rehab. Unfortunately I don’t have the money to pay cash so I was wondering if anyone could give me some information on other financing options. Should I go to a bank or a mortgage company? Are there special loans to apply for? I [...]
How do you buy an investment property with an LLC?
I purchased a investment property then formed an LLC. I was then warned that if I transferred ownership that I would end up causing myself a lot of problems with the mortgage company. I am about to buy a second investment property and want to do it right this time. Do I obtain the loan [...]
Can you recomend a Mortage company that will finance after a chapter 7?
If I can't file another bankruptcy for 10 years, why would I be considered a bad risk to finance a home? Bankruptcy does not prove that a person can not manage money. They may have had lots of medical bills that were impossible to pay. I have no debt at this time and am looking [...]
How to form a compny for an investment property ?
I am planning to buy an investment property. All my instincts say that it would be wise to form a compny for that. I am pre approved for a mortage but I have no clue how it works. My question is Mortgage company approved me not the new company that I am planning to form, [...]