Andrea Hewitt
Which mortgage would you choose?
Which mortgage would you choose?
You have $90,000 set aside to invest with.
Option 1: 20% down + 1 point + closing fees =$83,850
5year fixed/30year amortization at 6.75%
There is a 5 year...
Ken Sanders
Undercharged on HUD - 3 Weeks Later I'm Responsible???
I closed on a house about a month ago. Yesterday I received a call from my Title Company saying I need to write them a check for $10k. I went back and took a look at the HUD sheet and it appears that they wrote my dep...
Devin A Hanley
Looking for your opinion on my loan options
Hello. I am reaching out to the community to get some opinions on the 2 options that I currently have for a multi-family that I am under contract for. It is worth noting that in both of these scenarios I will be manag...
Matt Ayoub
Higher rates for larger groups
Hi All - I have a ten person maximum vacation rental in Mexico. Groups range from smaller 4-5 person families to groups of up to 10. I charge everyone the same although clearly larger groups consume more water, gas, e...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Rod Smith
How to provide a value add to a tenant without losing your shirt
Good morning All,
I have a couple offers pending on multi-family properties and I wanted some advice. If I can land these properties, I am thinking about including water and sewer in the rent. I have seen pro...
Shay Burke
Rent Or Sell My Investment Property
Hello,I purchased a fixer upper a few years ago for around 10K at an auction. I invested about 25K back into it and did most of the work myself and it's appraised at around 65K now. I live in a college town and my fi...
Sara Hill
House-hacking and VA Loan
Background: I am looking into using a VA loan to purchase a single-family home. I am hoping to help cover my mortgage with a couple roommates by using the house hacking strategy--not necessarily looking for any cash f...
Omid Sadeghpour
Inflation and the future rent increases in Los Angeles
Hello everyone,I own 6 rental units in the city of Los Angeles and am new to this "rent freeze" topic.Given that Los Angeles is rent-controlled, does anyone know the following:Once the rent freeze is removed, will the...
Cody Ford
new to investing, help
Investment Info:
Townhouse buy & hold investment in Dickinson.
Purchase price: $208,000
Cash invested: $8,000
I bought this property with no money down with 4.5 % interest rate. I had my brothe...