Christopher Keivit
First yellow letters are in the mail!
So today I dropped my first batch of yellow letters in the mail! It is finally the first solid action I have taken. I sent out 35 and am hoping for as high as a 10-12% reply. But even if I only get one deal, it wil...
Kelly Williams
Refinancing a (somewhat) new loan
Some of you may have read my previous post about turning my current home into a rental. It looks like refinancing my loan may be the best option to turn the property into a profitable rental by lowering my month...
Bill Ward
Petrodollar and dollar crash an issue?
Just been hearing about this lately. So to those smarter than me, is this dollar crashing a likely thing to be happening now and is it relevant to property values? I'm about to sell my rental (unrelated) and not sure ...
Chris Mason
PMI price war. PMI companies have apparently stopped colluding.
For whatever reason, a lot of the big PMI outfits have dropped their PMI rates in the last couple months. Speculation abounds inside the mortgage industry about what prompted it. Your monthly PMI cost should drop from...
Jaime Brame
Short Term Commercial Loan while Renting Primary Residence?
I have my primary residence on the market now, but if it doesn't sell the way I'd like, I may have to get creative. I say "the way I'd like" because I have a certain amount of equity I want to get out of the home. Wha...
Nick Dillaha
$27k payment to remove PMI?!
Hi, primary residence question. Currently have a townhouse rented and my primary residence. My PMI payment on my house is $212/month. I just had an appraisal completed and because I have only had the loan for less tha...
Andrew Cox
Advice on first deal: town home flip with $20k - $40k spread
First post, first possible deal, and I would love any insights. I'm in Minneapolis, where RE isn't cheap, but the market is still very workable. My plan is to fix and flip on this one. My cousin and his wife are desi...
James Carlson
Denver rents dropped for the first time since 2010
Anyone else read the Denver Post article last week about average rent prices in Denver dropping for the first time since 2010? Looks like the average price to rent an apartment in the Denver metro area was $1506 from ...
Selina Giarla
Dipping toes into commercial multi-family - how does lending work?
I have two 3-family homes and 1 duplex, none of which trigger the commercial loan requirement. I am interested in going bigger - anywhere from 5-12 units, and anywhere from one building or multiple homes. I understand...
David Bennett
Promissory Note Question
I hold a note to a commercial property in a Southern California in a desirable area. The buyer is in a negative cash-flow situation. We have already been through foreclosure once this year and the buyer came in at the...