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25 May 2024 | 2 replies
The current owner has a rockstar interest rate due to a physician's loan.
26 May 2024 | 8 replies
If they have no cash your taking a huge risk on a ground up new build. and for that you would want to get a standby rate of interest like I do say 10% and I would charge 50% of the upside profit.. if they are putting cash into it.. 3 to 4 points and 10 to 15% interest is market.and you give them money in draws as work is completed..
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26 May 2024 | 40 replies
i have 2 properties that had wind damage , Both were covered , both same insurance company and this was 4 years ago and rates didnt go up much at all .
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24 May 2024 | 3 replies
significant difference in a traditional mortgage where deed is transferred vs. a contract for deed. if I was the buyer, no chance I would do a CFD - I want title in my entity.
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25 May 2024 | 4 replies
From my experience I would avoid it as a seller unless I was getting a large down payment, a larger purchase price, or a higher than market interest rate.
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25 May 2024 | 3 replies
To the degree, one is realistic, the probability of finding a replacement property increase.Say you want to sell a fourplex to trade into and buy via 1031 a 20 unit apartment building.And the market cap rate is 6% but you want to buy something that offers a 6.5% cap rate, you probably won’t be able to find it.
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24 May 2024 | 12 replies
Now it’s more than $107,000, according to the NAR.when rates were at 8% this was publishedA mortgage rate that stays around 8% means median home prices need to fall by 35%, to $265,000.If rates stay at 8% and prices at current levels, income needs to increase by 63%.
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22 May 2024 | 3 replies
My brother is interested in selling his house to me, however, I’d like to keep the existing 2.9% interest rate on his mortgage.
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24 May 2024 | 2 replies
Rentometer: This tool helps you determine rental rates by comparing them to local listings.
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24 May 2024 | 19 replies
I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?