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11 July 2024 | 1 reply
The VA home loan can be a powerful tool for purchasing a multi-family property, offering benefits like no down payment and competitive interest rates.
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10 July 2024 | 16 replies
You can offset this with points.When the lenders provides you with an estimate of the loan along with all the charges pay specific attention to:Origination fee - This is whereLoan Points - Sometimes they force you to buy a point and they bring down your rate in returnapplication feeunderwritting feeBasically you want to compare how much you are paying in all of these and what interest rate they are giving you based on this costs.
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11 July 2024 | 0 replies
Great place to live -- not so much when there is little to no leverage to purchase my own home, burn rate goes very quickly, or perhaps I don't know enough.I follow Brandon Turner, BiggerPockets, Grant Cardone and have attended both his Real Estate and Sales & Marketing talks.I would like to get into real estate to one day either purchase or build my own Home Recording Studio.
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11 July 2024 | 2 replies
For real estate specifically, it depends, in many instances an LLC is not required but ok as long as done properly (properties are bought in LLC and not bought and mortgaged in your name and transferred).
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9 July 2024 | 3 replies
Hi, I'm wondering with the market like is right now, high interest rate and just having $30k cash and having a regular mortgage.
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10 July 2024 | 10 replies
The catch is, my current interest rate on the conventional is 2.87% and I'm positive it will nearly triple if I refinance with a DSCR so it's a tough decision.
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11 July 2024 | 4 replies
Much is going to depend on the amount of the house that will be used and allocated strictly for business.
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9 July 2024 | 7 replies
They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.
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10 July 2024 | 17 replies
@Cody Zucker I talk to a few people to get a sense of the rate in each market.
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11 July 2024 | 0 replies
Used a loan broker, then refinanced at a lower rate fixed for 10 years after 1 year.