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All Forum Posts by: Brian Lenzer

Brian Lenzer has started 7 posts and replied 11 times.

Are there any websites that you use and trust to accurately tell you how safe an area/neighborhood is? I'm having trouble finding a resource I feel great about. Thanks in advance!

Is there one website that has accurate and reliable property tax rates for various areas? When I google the property tax rate of a certain area, I get several different websites telling me several different values. Any help would be greatly appreciated!

Gotcha, much appreciated! And I will certainly check out that book.

Wow, thank you all very much for the great information and resources - they are very much appreciated and I am going to look further into them right now.

Is home insurance and property taxes considered part of the mortgage? I am wondering because I am trying to calculate NOI and hence cap rates, so I want to make sure I am using the proper standards. Thanks in advance!

I am considering purchasing a property through a loan from friends/family. Are there any non-obvious downsides to this kind of loan? Is there a set legal range for the interest rate? Any knowledge/resources on this would be greatly appreciated!

Post: Calculator for Nearby Rental Estimates

Brian LenzerPosted
  • Posts 11
  • Votes 2

What is a reliable free website or tool to use to gauge monthly rent you could for a property? I thought rentometer.com was a good one but now it doesn't look like I can do anything without their "pro version." Thanks in advance!

Originally posted by @Jordan Baker:

@Brian Lenzer

Hey Brian there are some loans where if you have the assets and the property can show a high enough net you can get 100% financing.

Not sure what state you are in but I am a licensed mortgage loan originator in FL. We work with many different lenders that see similar situations such as yours and I would be happy to help you see what we can qualify you for. Feel free to DM with any other questions you have.

Awesome, much appreciated! I am in MD but certainly won't hesitate to reach out going forward.

Does anyone have any knowledge on if it is possible to get a mortgage without having income from a job? For example, would it be possible to get a mortgage on a property, rent out the property and use the rental income to pay off the mortgage monthly, then travel or do something that doesn't create any extra income.

Any help is greatly appreciated!

Post: How to Analyze a Deal

Brian LenzerPosted
  • Posts 11
  • Votes 2

Thank you Joshuas! I have begun compiling some metrics to analyze deals and very much appreciate the insight. All the best