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BPReceived an email from the lender that gave me a conventional loan (4.5% rate) on a two family. Basically said "rates have dropped, and we should talk"- I have a call with them tomorrow. What is the advantage for ...
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I purchased a rental property in June with 20% down and financed with a conventional loan at 8.125%. Obviously, with rates dropping I am looking to refinance to reduce that rate. I have a loan estimate from a lender t...
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Hi All,
Found a property for sale by owner. Listed 20K under the deemed appraisal value which seems true based off the market. I reached out to dig deeper as it had been listed for an extended period of time, and the...
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Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors. These properties include different foreclosures and those that sell below their market value. The proper...
I have a mortgage I owe 280,000 on at 4.25% 30 year fixed with 27 years remaining. Down the line in let's say 1-3 years there's a chance I'll move and would like the option of converting this to a rental. I can rent...
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Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
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So lately I've heard a lot about Wall Street buying up entire neighborhoods in appreciating areas. Who is doing all the property management for these companies? Do they have their own management companies?
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I'm currently paying my credit cards down each month and am seeing gradual improvements to my credit score. I don't have any delinquencies or other red flags on my report and unless something new comes up the only thi...
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How's it going BP!
I am fairly new in Sioux Falls, SD, I currently own one LTR and I am searching for more. I have recently sparked an interest in STRs utilizing AirBNB/VRBO. While searching for more multi-family d...
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In Kansas City, the single family home prices dropped 20% in 2008 in many areas and the inventory and day on market increased dramatically. When the next downward cycle hits, what are the: 1) Key drivers (economy...