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10 February 2025 | 10 replies
I’m looking to pull equity from a property, but I have a great interest rate that I don’t want to lose.
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7 February 2025 | 16 replies
I agree, it could be possible but I have yet to see a deal that really works when the borrower is borrowing 100% financing on a deal as the lender is going to have much higher rates and default rates.
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20 January 2025 | 11 replies
Determining whether to do a cost segregation study or not has a lot variables.
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11 February 2025 | 1 reply
With rates and lending terms constantly changing, I’d love to hear from those who have recently closed or explored a blanket loan.Which lenders are offering solid terms right now?
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30 January 2025 | 5 replies
Is it the last rental rate you charged, or is it the going rate in the area + 10%?
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5 February 2025 | 54 replies
The metrics I'm primarily focused on are: rent appreciation rate, property appreciation rate, economic growth rate, unemployment rate on the macro level.
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5 February 2025 | 5 replies
I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?
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20 January 2025 | 23 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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5 February 2025 | 5 replies
Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.
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11 February 2025 | 7 replies
The thing that would deter me from this location is a background rate of appreciation of 3.12% and low school ratings.