Been asking around and not getting a straight answer so any help here would be much appreciated!

I am refinancing my first investment property and will appreciate if someone can tell me if I am getting a good rate or what rate should I get -Property Type - Single FamilyLoan Amount - $150kLoan Type - Conventional 30 yearsInterest Rate - 3.875%APR - 4.103%Discount Points - 1.792%Discount Amount - $2688.00

What you will get from me is a straight-forward approach.

When you’re talking about nonperforming 1st’s, that you can then get reperforming, I’ looking to achieve a yield north of 20% given how much of a discount I got when I bought the loan. 

So instead of me getting a 20% off deal on a no money down deal, now i'm paying 30% out of pocket on a no discount. 

I was proactive and offered each tenant a $100 discount for paying early.

March 11, 2020The situation with COVID-19 (“Coronavirus”) continues to evolve and markets are down sharply for a second straight week.

I would go back to seller and see if can get a $25k discount. 

BRRRR has emerged as a viable strategy for purchasing properties that need renovation at a discount, renovating them and then either keeping them and making money on the cash flow or selling them and making money on the difference between the new appraised value which hopefully is the sales price and the old purchase price/renovation amount and extremely important, the carrying costs.Ultimately, it's a math problem to see if you will even acquire the property and hopefully nothing goes south that you didn't anticipate.Assembling your team of professionals to help you be a success at this is crucial. 

The only “discounted payoff” they would have considered would be a short sale from, and involving, the original borrower....a short sale is not possible now.This will go to auction without any discussions with you.