Bill Baldwin
Worth Paying 50% of Remaining Loan to Refinance to Lower Rate?
Refinancing question for the BP community.I currently have roughly $197k remaining on a seller finance loan for a recently purchased $300k property in Bakersfield, CA, at 5% amortized over 15 years (but I need to pay ...
AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
Historically, residential US mortgage rates are near their long term averages. I remember in 2003 when rates were in the 5-6-7% range, albeit with more aggressive mortgage terms available to almost any and all borrowe...
Jason Howell
Paying points up front for a lower interest rate... bad idea?
I'm about to close on my fourth property and up until now, I have opted to pay whatever points were necessary upfront to lock in the lowest interest rate. It just made sense at the time: Go for the lowest interest rat...
Jon Lafferty
lower rent with 2 year lease
Hello I have a rental in a C to C- area in town and I am finding that the tenants are consistently late on rent. I think at the end of the day they just don't make enough money with rent making up about 40% of their m...
Earl McDowell, Jr.
Lower rent in exchange for property
My scenario: There's a potential tenant for my 3bd/1bth single family investment property. The applicant has no criminal background, fair credit, and fair earnings. The applicant is looking to leave a home that she...
Mike Austin
Inheriting long lease on lower rent
I just had my first ever offer accepted for a duplex that I planned to owner-occupy. I got a discount on the price because the property has been neglected and needs some rehab work. The property was listed on mls as h...
Nhi Nguyen
Need help on getting a Heloc or cash out refi @ lower rate ...
Hi all. I went through a couple of threads regarding the topic. But I think each case is unique so I'm presenting mine here to get better help.This is for a SFH I just bought a couple of weeks ago for $570k. House ...
Saverio Nestico
Need To Find A Lower Interest Rate For My Self Storage Facility
I have a 60 unit storage facility in Edgefield, SC. I currently have an interest rate of 10% from Live Oak Bank. Which makes it difficult for positive cash flow. Looking for an angel investor for 6% return on $340K.. ...
Amy T.
Refi on multi-unit, shorter term with lower rate worth the risk?
We just found out we qualified for a 15 year refi @4 % on a 2 unit property (it's actually 3 units but it's on the records as 2). The monthly payment would be almost exactly what the rents bring in. So any repairs, an...
Justin Dragon
Negotiating Rents -Do I keep a good tenant at lower market rate?
Hi all,Hoping to get some advice/insight on my situation. Purchased my first property last November (Triplex in the Hampton Roads, VA area) and one of my inherited tenants is about to complete her lease. She’s paying ...