Hi, I am planning to do cash-out finance for my rental properties (purchased in cash). I just asked one lender and the rate (30yr conventional) seems pretty high - 4.5% with 0.75% discount (cost charged in closing, I ...
I do not know much about lenders and brokers and how much rates vary between them. I called my local lender brokerage here in town and I asked what the going interest rate was for a conventional loan for a duplex (not...
I received an inquiry for a 5-year lease on a renovated SFH. They are asking for a reduce price in exchange for a signed 5-year lease. 1400 a month instead of 1500 a month. I assume if I do the due diligence and ...
In many books and articles I'm reading that successful investors buy at a discount. However, these sources don't specify how they get that discount. I'm assuming some of the discounts could be:1. Property needs sweat ...
I'm preparing to purchase a business and the owner wants a flat purchase price and will charge zero interest on the loan. Her attorney told her she is REQUIRED by federal law to charge a minimum 2.75% interest or els...
Hello all, Requesting some advice for my next purchase. I'm 31 years old with two properties that already cash flow very well. I'm ready to go with purchasing a third property but when analyzing properties, it seems d...
Looking at a small apt building of 24 units as a buy and hold listed at $695,000. It was renovated last year so not much room for value-add. Rents are on the higher side as well. Roof and HVAC reserves have been accom...
When I was 25, the resolution trust corporation (RTC) was auctioning off saving and loan debacle properties. I believe the RTC was formed by the government trying to bail out the S&Ls in trouble. I remember thin...
Got your attention?George Gammon is always fun, interesting, and very informative. But, don't worry, he didn't really mean 50% .....or did he!Click below!The Fed's New Plan To CRUSH Home Prices (50% Drop Possible)
I usually do a 1 year lease, but I have a vacancy I'm getting ready to fill, and I'm tossing around the idea of offering a slightly discounted rent with a two year lease. I've heard that if you offer a great property...