All Forum Posts by: Adam Kay

I had a similar issue and kind of got lost in the weeds on the correct process. I did find a good lawyer to help me through it, so definitely find a good RE lawyer. I used https://www.kazilawfirm.com/. The prices were fair too.

Hi Folks,

Is it concerning to buy more homes in a neighborhood if you already own one home? One of our properties is in a great area an we've been thinking of adding more homes from that same neighborhood if they become available. In this case by neighborhood I am talking about buying another property that is 3 or 4 streets away from the other. Our current property there rents well with good cash flow. I know to a degree I would be competing with myself if both are on the market at the same time, but if I stagger the lease windows it should take care of that.

Am I crazy for thinking of this or have others done this in the past?

Thanks!

Great point @Sean McCluskey! And thank you for the quick education in MBS!

Big question is with fed expected to cut rates possibly another 2 times this year, when is the best time to refi?

Hi Andrew,

Thanks, that helps! Another question I have what is the best way to shop for investment property mortgage rates. In the past, I've always searched the lowest rates on bankrate and zillow, but of course those are for owner occupied. How do I find the lowest rates for investment properties?

Thanks!

As investment mortgages tend to have a higher rate, are there any limits to how much of the rate can be bought down? To make the monthly profit margin bigger, we would be looking to buy this down 8-12 points (2-3%) on a 30 year mortgage.