Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $84,400
Cash invested: $17,000
MLS property: (Duplex) 4 bed, 2 bath, 1,958 sqft
List price: $110,000
Initial...
Hello,
I have current loan on a manufactured home $51365 . The estimated value $225,000. If I want to refinance it for 15 years 3% fix rate the closing cost would be $2900. Does it worth it.
Any advice is appreciat...
Hello there,
I’m closing on a property next week on conventional 20% down loan. My lender locked the rate 4.75% at least 2 months ago and I believe rates have dropped a little. I’ve already asked the lender to run an...
Ok. I'm reading Craig Curelop's house hacking strategy book (just started). I know I will be using at least two hacks but I am curious about other Investor's hacking stories.
Investment Info:
Single-family residence buy & hold investment in Orlando.
Purchase price: $165,000
Cash invested: $10,000
Single-family Home
What made you interested in investing in thi...
Hey y'all, trying to gauge how appraisals are coming in these days, compared to closing prices. In a red-hot market like Huntsville/Madison, I imagine appraised prices typically come in lower than actual closing pric...
I signed a contract to buy a property “as is”, however, during the time between us signing the contract and closing, we learned that we should have offered much less, but we already signed the contract (we were also p...
What’s most important when leveraging home equity in a cash out refinance on a non-owner occupied place? Is it a lower APR, more money in the cash out, lower basis points or a lower monthly payment??I have a 3.5 APR l...
I'm considering owner financing in order to sell a rehab. I've read some threads on here but I've never used OF. So I'm looking for some BP advice:
Sales Price-$67,000
Down Pmt-$15,000
OF Loan-$52,000
Interest Rate-...
So, here's what I mean:For simplicity sake, lets say both a HELOC and Cash-Out Refi have the same rate and I'm ignoring any closing costs. If I paid the same amount of money in the same amount of time, would either o...