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Hi. I'm in the process of looking at buying 8 condo units, considered commercial since it's over 4. Bank has quoted me terms of 25 or 30% down payment , 20 or 25 years amortization and 5.25% interest. Wondering if thi...
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My lender is offering 4% rate for 30 years fixed and with half point (1300$) 3.875% for 30 yrs fixed. Is it a good idea to pay half point (break even in 69 months)? Or go with 4% and refi at lower rate later. If I ref...
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Hello, BP communities !! I recently going to refi my condo as investment property. I was told that the current interest rate is 4.625%; i thought it dropped below 4% after new year. Could you any mortgage specialis...
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I've got a few options on the table I'm evaluating for pulling out cash via refi. One option offered to me is a portfolio loan where I can roll multiple properties into a single loan. It's a 25 year amortization, 3 ...
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People who have gone through the process of getting an FHA loan for a 2/3/4-plex, what lenders have you gone to and which lender offered you the best terms? I'm looking to talk to a lot of lenders while in my grace pe...
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Hi BP,
I'm a new joiner recently from <the book on rental property investing>, I'm glad I can find a great forum to discuss property investment.I do have a question about how investors usually check today's/thi...
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I'm new at this and have some positive cash flow opportunities but not sure how to attract investors. Any suggestions? Thanks
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I am looking to purchase multiple units under 50K in a condo community and would like to have them on a single loan/blanket loan. Any suggestions on lenders who would do this (not looking for private money but a compe...
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I am having trouble finding any properties that cash flow after considering mortgage, insurance, cap ex, vacancy rate, etc. Have you had any luck in your areas? It's starting to become a pretty big concern as a new in...
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Well I've written about prohibitive financing costs and the list of qualified buyers without qualified deals is piling up.
On non primary conventional loan purchases rates are in the 7-8-9-10%'s.
Few buyers are wi...