Hey,I just wanted to drop a line and introduce myself.

the 3/4 points rate cut would save me about $40 a month on interest on a loan for a flip I'm probably going to do.A fed rate cut does NOT equate to a drop in mortgage rates.

Test the waters before committing to a full membership or you may find yourself kicking your own behind for doing so.With all of that said, other than coming here to BP, there aren't too many better ways of meeting and networking with other investors than a local club.

So with one day rate drop from 7.25% to 6.50%, what should you do?

Jump on in… The water is nice!

Getting the loan in the name of the LLC is a good way to keep your personal credit score from dropping because of having too many mortgages.

mother hire an inspector to inspector home before purchasing a foreclose from the bank. the inspector wrote on his report that he was not able to inspect heat and water system because they were turned off. my mother went ahead and purchase the home. now that the title is under her name, she now can call Nstar to turn on the water and heat system. after the heat and water was turned on, we noticed that room and hallway basement heater weren't working. also the heater system was leaking water and making notice. there was water pipe leaking as well. anything that has to do with water and gas is health hazard for this reason i ask is it suppose to be the bank who should be liable for all issues. i said because they did not turn on the water and heat system the time the inspector so he can inspect everything tortuous. and also for not telling my mother that the house is health risk. this kind of stuff can cause fireplease feedback is neededpleasei beg you all

If the first statement is true, then the second statement is probably true.You don't necessarily need 2% to make it a decent cash-flow property, but certainly more than 1% and in my opinion, 1.5% tends to be the cutoff given today's interest rates and terms.Given a 25% down payment and today's interest rates... .8% (8/10ths) is the break even cutoff assuming the 50% rule...Problem for the poster is the 50% rule doesn't hold water in NJ given the taxes.

It is heavily wooded in some parts, with a water feature.

The most pressing include a leaking main water pipe in the crawlspace, several dead outlets, non-grounded outlets and non covered outlets, a loose shower liner/insert that has caused mold and moisture damage on the bathroom sheetrock (there is no vent/fan in there), and the carport and porch roof are leaking.