Joseph Scorese
Mortgage Rates Hold Ground as Oil Prices Slide
Mortgage Rates Hold Ground as Oil Prices SlideMortgage rates held their ground fairly well today, despite moderate weakness in underlying bond markets (which normally translates to higher rates). Many lenders were ri...
Clarence Watkins
Mixed Use Rental Refi and Cash Out
Is this a good deal? I have a refi offer of $180K at 60% LTV and at 8.375% int. for 30 years taking out 3 to 5 year balloon situation on mixed use 5-unit, 3-story, brick, 100 year old, unique, vintage building, of apa...
Pamela Sandberg
Phoenix Area Meetup for Women in Real Estate!
Recently, I've seen some discussion of women who are interested in networking. I'd like to see if we can coordinate a meetup in the Phoenix area! (If you're in outlying areas or other parts of the state, maybe we can ...
Kyle Davis
Looking for 30 year fixed rate on my properties
To BP Members-I've tried to go through my local bank where my properties are at to refinance all my rental properties (9 properties in total) and get them on a 30 year fixed rate.I was turned down, though, not because...
Lis C.
Thought Experiment: What Would you do with 55k$
Hi All! Ok, so I noticed that IRL, people respond to this question with SO many diff answers and it always hinges on their (1) risk tolerance and (2) personality. Say your daughter, the single income winner for 2 smal...
Michael Lauther
Lenders minumum loans
What is the typical minimum loan offered on 1 - 4 family homes ( will be owner occupied) to low and moderate income home buyers? what credit score would they need? what down payment would be required? Does the amount ...
Chad Carrodus
Atlanta Monthly Indicators
While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more tha...
Chris Braudis Jr
How to determine replacement cost?
Hi All!One of the criteria I hear about a lot is to always make sure that you are buying below replacement cost. Can someone please explain what exactly people are referring to and how to calculate. E.g., Is this simp...
Curt Bixel
Rehabbing to buy and hold and taxes
I am considering purchasing a property that may only need a moderate amount of rehab. I know that the more I fix it up, the more it will be worth, and thus, the more it will be taxed. Is there a sweet spot to aim fo...
Sandra Regnell
Re Financing a rental
I bought a rental with 20% down earlier this year at 5.625%. Is this a rate I can refinance?TIA!Sandra