Hi BP! I have a Maryland commercial mortgage broker who will shop lenders for my financing needs. My rental property presently has one SBA, and one conventional (balloon). The idea is to re-finance for a better rate b...
We’re looking for a new tenant. The place is upgraded (Completely renovated in 2016, hardwood floor, granite countertops, stainless steel appliances, etc. Avg rent for a 2 br 2 bath in our area is $1550. We’re aski...
I had someone reach out to me this morning with a question regarding their rental property. Currently, there is negative cash flow by a few hundred each month if you also include maintenance and vacancies into the li...
In the Ultimate Beginner’s Guide, they talk about the 50% rule. Half of all expenses come from mortgage and you should budget the same amount for repairs, maintenance, taxes, etc. I have not bought my first property y...
A SFH in North Vegas, listed for $159,900, with long term tenant occupied for $1000 rent.
OK- All you financial gurus. Will 30 year,90%, owner occupied loans hit the 3's or bump into the 5's first? Time to go "on the record" with your crystal balls. Rich
Hello everyone. Has any investors ever looked into getting credit insurance on the event of tenant default by insuring your accounts receivable? It seems like this would be a good way to get guaranteed income.
In the forums, I've seen some confusion about how affordable housing is defined. For some it means anything below market rate and for others it means LIHTC or Section 8. From a lending perspective, affordable housing ...
Hi everyone!I recently bought a mobile home park in South Carolina and am having a hard time renting the park owned homes. The previous owner had lower standards for tenants, and would lease to anyone who applied as l...
In this market is it a good time to be doing the BRRRR method or refinancing in general?