David Raskin
Qualified real property business indebtedness
I invested in bare land to develop. I have a full time job. I had to give back some of my lots and I am looking at substantial debt forgiveness. Can my debt be considered qualified real property business indebtednes...
Account Closed
HELOC to replace my current mortgage
I have recently purchased a condominium as my primary residence in August 2018. I am on a 30-year fixed with 4.75% interest rate. Can I replace my current mortgage with a first lien HELOC? I tried a few times to obtai...
Jim Wollmer
Cap rates in Kenosha
Does anyone have experience with cap rates in Kenosha? Given the Amazon fulfillment center development, I would expect property values have increased and cap rates have decreased. ThanksJim
Steven Cole
SFH Conversion to Multifamily
I am looking at a SFH that has been converted to a 10 unit multi-family home. It is zoned for SFH in that area. What is the risk for purchasing a multi-family property that is zoned for SFH? Could I be forced to conve...
Felix Stone
Should I mention my current LLC loan in new LLC loan applications
Hi - I have a loan in a LLC currently where I have given personal guarantee and now I am applying for a new LLC loan with a new bank. I know LLC loans dont show up on my personal credit.
I was wondering if mentioning...
Sarah Humbargar
Financing a property for demolition and re-development?
Does anyone have experience with properties that you are buying with some form of financing where the main structure will be demolished or moved? How does a lender manage the short term decreasing collateral value dur...
Nathan Malka
First time home buyer
The 30-year fixed-rate mortgage continued to drop this week, heading back near the 3% range.The 30-year fixed-rate mortgage averaged 3.04% this week, Freddie mac reports. Mortgage rates are still below a year ago and ...
Tom R.
Are odd shaped houses difficult to rent?
Im looking at a house that has an unusual shape. I know odd shaped houses are difficult to sell. This one has been on the market for almost 5 months. Are they as difficult to rent out as they are to sell?
Hyeseong Park
No prepayment penalty vs 3 yrs vs 5 yrs for current market
What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so gov...
Steve Meyers
San Diego Homes Prices & Inventory Supply - January 2022 to January 2023
Hi All,I've been getting a lot of questions regarding the San Diego market in particular and where prices are going etc so I wanted to pull the most recent data to compare last year's January to this one.All propertie...