Nick Bednarczyk
Rates Staying Higher For Longer
Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances. According to Business Insider, interest rates are expected to stay higher for longer with no cuts in sight u...
Justen Ashcraft
Escalated to a higher underwriter?
so my loan officer sent me a text saying that my loan was escalated to a higher underwriter and was to be reviewed as new. What does that mean? Thanks.
Angelo R.
No security deposit; higher rent
If I wanted to increase cash flow and was willing to tolerate more risk, would it be wise to forego the security deposit and instead ask for higher rent?Let’s say the market rate is $5,000 for my property and the secu...
Mike Matos
LTV on Higher Appraisal Amount
Let's say a property appraises for more than the agreed upon purchase price. Do banks ever lend on the LTV of the appraised value rather than the lower PP? Could the equity in the new purchase be used for renovations,...
Brian Plajer
Fear of higher interest rates
Hi All,
Is it correct to think these historically low interest rates will rise and the current crazy home values will fall due to higher rates? I'm sure others are factoring in these scenarios into their decisions...
Vivek Bavishi
Higher security deposit for Immigrant
I am on a H1B visa and my SSN is "VALID FOR WORK ONLY WITH DHS AUTHORIZATION." I have been in US for 3 years now and have established a good credit score over this time period.I recently applied for an apartment renta...
David Mitchell Halls
House hack or buy out of state for higher return but higher down payment?
Hey BP,
My wife and I currently own a town home in a small college town in Idaho that we bought in 2021. We have a couple hundred thousand saved and want to invest as we have been watching all of our friends make out...
Keith Behney
Decorating advice for higher end rental
I recently purchased a 2452 sq. ft. 3/2 home on 2 acres that was built in 2006. The home was a bank owned foreclosure. It needs paint, flooring, minor plumbing, small carpentry jobs, landscaping and hvac work.I plan o...
Bryan Quinn
Long-Term Tenants vs Higher Rent
I looked at two duplexes (C Neighborhood). One of the duplexes has long-term tenants in place (years) but below market rate. If I were to buy, should I hang on to them assuming I can make some sort of profit or raise ...
Account Closed
Infinite Return or Higher Cash Flow?
I'm currently still in the beginning phase of analyzing deals and I'm about to offer on a SFH for a rental unit. I've been playing with the calculators, and I'm trying to decide what makes the most sense... Should I ...