We Defaulted On Our Real Estate Investment Property. What Can I Do? – Thomas

“Dear Steve, I entered into a joint investment in a real estate home site in North Carolina in 2005 with a close friend. The investment totaled $119,000 and we put in about $ 15,000. each and financed with a local bank for a three years interest-only bearing loan. After three years, the real estate industry … Read more

I Only Want One-Third of the Mortgage to Show on My Credit Report. – Rick

Rick “Dear Steve, I’m considering buying an investment property in a country outside the US. I know that the foreign lender has checked my credit report (which is excellent, by the way). I will buy the property with two other friends, to split the cost in 3 ways. But the mortgage will be in my … Read more

We Have Not Been Getting a Lot of Sleep Recently While We Worry About Our Debt. – KL

“Dear Steve, Steve, my husband and I are not getting a lot of sleep lately and we very much related to your story. Thank you. Our situation is my husband is in the real estate business and his income has drastically been reduced. We bought and sold a lot of real estate investment properties and … Read more

The Banks Won’t Refinance the Investment Rental Properties I Bought Using Credit Cards. – Kyle

Kyle “Dear Steve, Quit my job to do real estate investing. Was doing well, but then banks changed lending laws and I couldn’t refinance the houses I had. I bought them using credit cards. I was able to sell one of them, but on top of living on my savings and no income, things depleted … Read more