Jeremy P.
Mortgage Advice Needed
Hey. I can use a little advice. In June 2012, I took out a 7 year ARM at 4%. This past June, I was notified that my ARM has expired and my interest rate will rise. With rates where they are, do the numbers below make ...
Sharona Coh
Convert personal proeprty into rental - Impact on mortgage rate
Hi All - We are moving to another state and want to convert our personal property into rental property. We lived in this property over 3 years and do not want to sell it. We have a nice mortgage rate and really do not...
Leah Spurlock
Inheriting tenants with varied payment dates
I am buying 11 houses from a retiring investor in which he collects rent at different dates for different tenants. He knows when they get paid and has always collected on dates when they get paid. Ideally, I'd like ...
Marco Padilla
Having problems with my tenants
Wow so I’ve been having problems with one of my tenants whom have been paying the rent late the past 4 months and they’ve gotten worse, I’ve been having to charge them late fees. Now these are stellar tenants, until t...
David VanWinkle
Strategy for inheriting 2 (long term) underpaying tenants?
I'm about to close on my first multifamily property in 2 weeks! I am buying the property because it is a growing area and current rents in 2 of the 3 units are much lower than they should be, but the catch is that all...
James Park
Sister moved into my rental and she is not on the contract. Tenant has a 800 credit score? Should I care?
I recently closed on a new rental property. My new tenant recently divorced (25 years) and moved into my rental property as it is the lowest priced new construction home within the school district her children atte...
Shane Clark
1st Post
Hello, I have a couple years of Real Estate investing experience and this is my first post on BP. As an investor, I have income property in Tampa and have done flips in Fresno, CA, Chicago, and Jacksonville, FL. I am...
Tanh Truong
Commercial REI Market Conditions
With the FED's latest rate hike and anticipated to raise rates a few more times, how do you see this affecting Commercial REI? In addition, what are your plans going forward?
Catherine M.
Interest rates rising? Lender increased rate quote.
We’ve been working with a lender for about 6 months to finance my first home. We are in a unique situation as we are buying a home out of a rent to own agreement. The first 4-5 months I worked with an inexperienced lo...
Larry Bailey
Fixed versus adjustable mortgage products
Fixed-rate and adjustable-rate mortgages (ARMs) are two standard mortgage products.
A fixed-rate mortgage has an interest rate that stays the same for the entire loan term, usually 15 or 30 years. This gives borrower...