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9 April 2024 | 16 replies
What's better, sfr just you or the small multi fam with a significant percentage of the mortgage paid by tenants?
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8 April 2024 | 39 replies
I tried to correct the issue online and by the phone but no success.
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9 April 2024 | 16 replies
@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.
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9 April 2024 | 5 replies
What would your mortgage company say if you could not pay because a tenant didn't pay rent?Β
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9 April 2024 | 3 replies
I will be breaking even as far as cash flow but someone is still paying my mortgage.
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10 April 2024 | 56 replies
However, getting your site online will happen very quickly if you do go with a website builder tool.The benefit of WordPress is definitely the fact that you will "own" all the data that is associated with your site.
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9 April 2024 | 11 replies
Can I still depreciate it until the buyer makes the final mortgage payment?
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9 April 2024 | 1 reply
π π Real Estate Update ππ Here's the latest market report (based on single family homes):π‘ Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.46% π° Median Sales Price:February: $460,000March: $475,000π New Listings:February: 1,669March: 1,798π
Median Days on Market Until Sale:February: 21March: 16βΎ Oakland A's Move to Sacramento for Interim Ballpark: The Oakland A's have announced their relocation to Sutter Health Park in Sacramento starting next season, sharing the Minor League stadium with the San Francisco Giants' Triple A team, the Rivercats.
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9 April 2024 | 9 replies
Quote from @Shameen Brown: Quote from @Bob Stevens: Quote from @Shameen Brown: Seasoned DE/SARR/LAPP Mortgage Underwriter, I have flipped a few homes with family in and out of state.
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9 April 2024 | 3 replies
The mortgage will still be under our names.Similar question, we'll be moving into our rental property where we already quitclaim transferred the deed into an LLC (me and my wife).