I bought a rehab with a construction loan. The rehab period lasted 2.5 months and ended 10-8. I refinanced to a 30 year on 10-31. When I bought the property, the Origination Fee and Closing costs were added to the ...
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Breakdown the last part for me... I am confused on the shorter ammortization part.
$35,000 FIXED at 5.375 for 72 months. Fully amortized. I’ll finance all of the closing costs (doc fee, flood fee, mortgage recording ...
I am just starting to work on a deal for a 5-plex where the owner is offering financing at 6% APR. I am more familiar with APR with respect to credit cards and not so much with personal loans, so I wanted to reach ou...
My long term investing goal is to continue to move up into larger apartment complexes which I will eventually buy and hold. This would be my first apartment complex and I want to get opinions on whether I should amor...
Can anyone point me in the direction of a good calculator? I have never done an owner financing deal. Could someone please explain this and what the monthly payment would look like? Numbers below:Purchase price 59,900...
Hi everyone,New investor here, relatively new poster, longtime lurker, lover of all things RE. I have a question about recasting of a mortgage loan, for any of you financing experts out there.Acquired my first 2 renta...
Hi BP,Can someone please help. I am new to all of this. Just joined Pro last night, trying out calculator today on some real opportunities so I want to do it right. Question I am using the BRRR calculator. There are t...
Hello Bigger Pockets family! We found a turnkey SFH walking distance from historic St. Augustine Florida. The seller was asking 185k and we asked for 155k with owner finance for 5 years with 5% interest and 65k down p...
So I went to my bank yesterday and they said that they can qualify me for apartment building loan.My problem is they said that the longest term of such loan would be 10 years/20% down. Now when run my numbers with tha...