Cel Arrington
Average Cost of Cash Out Refianance
hey BP!
I had a quick question about what my expectation should be around a cash out refi for my investment property. A lender I've worked with in the past for primary residence is quoting me for something like 6.5...
Peyton LaBarbera
How can the location of a property affect cap rate?
I was hoping someone could help me understand first... What types of locations are lower cap rate properties generally found and why?And... What vice versa for higher cap rate properties?Thank you,Peyton LaBarbera
Bruce P.
Re-applying for the lower interest rate after cancelling a refi?
Hi, my friend recently applied for a refinance for their single family home in California (primary residential mortgage). They were approved and now during the 3 day waiting period after closing documents were signed...
Darian wolffe Wolffe
Sacrificing interest rate for larger ROI and quicker growth
So I invest in buy and hold multi-family real estate in the Rochester NY area. My question is does it make sense to take on a higher interest rate if it allows you to negotiate to a lower down payment and less closing...
Lyndsey Keller
Refinance our rental property?
I apologize if I'm putting this on the wrong board. Feel free to move it if need be.How does one figure out if it's worth it to refinance a rental property? We have one mortgage, and that's on our rental property. Wha...
Koushik Saha
Need Advice on Financing a new purchase
Hello everyone,I'm in the process of securing a loan for a new (my first) rental property purchase. I have already signed the purchase contract. However, I'm facing a dilemma on what loan structure I should strategica...
Johnny McKeon
WOULD YOU buy your interest rate DOWN to 6.375% for $22k? With a 34 month breakeven
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payme...
Richard C.
Impact of FHA Mortgage Insurance Cut?
So the FHA is cutting mortgage insurance from 1.35% to 0.85%. http://www.usnews.com/news/articles/2015/01/08/pre...How do you expect this to impact your businesses, if at all. I'd have to think it is good news for f...
Kyle Richter
VERY low income rentals
I've gotten some really good advice here and am looking for some more....I've tried the middle class rentals, and all though there is no problem finding tenants in my area, 50% rule is out. but the rent covers the cos...
Salley Smith
Good Deal on Lender Credit?
I am buying an REO HUD home for 210,000 with 10,000 (5% down) on a conventional renovation loan. My lender told me I would receive a lender credit of $1,250 at 4.375% vs. no lender credit at 4.25%. I went with the len...