David L.
Given equal numbers, would HELOC vs Cash Out Refi be the same?
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...
Tod R.
How to Structure Owner Financing?
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-...
Belinda Lopez
Is it better to list at a lower price? or to include a repair credit?
I have an investment property I'm about to list on the local MLS for a retail sale. It needs about $10k in repairs, $4k for foundation work, $4k for a new roof and misc cosmetic items. I do not want to do any repair...
Account Closed
Lease Option low appraisal. What to lower purchase price to...?
In late August, one of my lease option TBs finally got off his ... and got his FHA loan approved. Option price was $97k with a $3k option fee leaving the amount financed at $94k. In the last 6 months 3 comps in the ne...
Clayton Silva
Hot Topic: To pay or not to pay (points), that is the question?
I recently had a bit of a shift in my perspective on advising clients to pay points recently and here are my current thoughts. Feel free to disagree. As a lender, I look at rate sheets and loan estimates literally a...
Kevin Kim
MLS is shown as 3 Bed room - Rental Ad question
Hi I am closing the half duplex (County record is shown as "2 bed room", but MLS shows 3 Bed room when i purchase (my realtor confirmed MLS/Zillow)There are 2 Bed room on the upper level. And the seller is saying the ...
Jordan N Hansen
First Multi-Family Property - Ankeny, Iowa
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $270,000
Cash invested: $54,000
A multi-family upper/lower duplex in Ankeny found off-market during COVID.
...
Joel A.
Lowering property taxes through a tax consulting firm?
Ive been approached by a tax firm telling me they have a 90% success rate at lowering property taxes in Travis and Williamson counties which is in Austin, TX.Im really intrigued by this and may proceed but thought i'd...
Michelle Meyer
Seller financing contract, as a seller.
Hello,I am looking for ideas, I am selling my rental. We are under contract, but with the prospect of a market shift, buyers is asking for a reduction.I don't want to break the deal, but also don't want to lower the p...
Andrew Foley
Equity Question - New Purchase
I purchased a home (not official but offer accepted, inspected and appraised, closing May 1)The purchase price is $269,900, and the appraisal came in at $291,000, which kinda shocked my agent and I. Does this mean I h...