Hello Sam i'm a local loan officer we are currently running a promotion for refinance a FHA or VA loan, if you this type of loan and refi with us you can get 150 point off and will be worth to refinance now.

I typically use a local bank as the operating account for a property, and then if I own the property 100%, I will have a savings account that I will use for my reserve account for all of my properties.

Generally that is something that will fall under their cost.

Many lenders will require a 12 month lease to be in place along with the security deposit and first month rent collected. 

Expectedly, lenders will qualify the borrower based on the principal and interest payments of the twenty year amortization at the qualified interest rate (usually prime plus 3-4%).

At this point, I am researching some of the many options available to us with all of the free equity that will be coming our way.

This implies that instant return likely will take more effort than in the recent past.  

I will do further due diligence to make a better decision. 

Hey guys, I needed some advice on new construction here in NJ.Me & my wife want to purchase a second home as our primary home but prices on houses are super over priced and just not worth it especially with inventory being so low & the market just all twisted.My thought was to maybe pick the town I want to live in and potentially see if I can get vacant land to build on obviously.I wonder if maybe it will cheaper to do this strategy instead of getting a loan for 600-700K home that still needs work and I’m not happy about it..thoughts?

If you haven't been charging late fees, make sure you start, because that will help reduce the amount of times they're late on rent.