Housing inventory has shot up over twenty percent year-over-year. So, are our low inventory struggles finally behind us? During the low interest rate days, housing inventory couldn’t keep up with demand. Within days o...
Brian Ash
Need Help Refinancing Personal Residence with No Income Loan
I'll try to be brief. I have a 30 year mortgage (3 years old) at 4.375% on my principal residence. Would like to refi to take advantage of lower rates. If I can keep a similar payment but change it to 15 or 20 years a...
Daljit S.
Closing on Property in Union City - Rate lock/lending question
Hi BP,
I'm in the process of closing on first property, a 2-family house hack in Union city. I was waiting on the Certificate of Occupancy and Smoke Cert before scheduling a closing date.
Towards the beginning of ...
Daljit S.
Closing on first property - Rate lock/lending question
Hi BP,
I'm in the process of closing on first property, a 2-family house hack in Union city, NJ. I was waiting on the Certificate of Occupancy and Smoke Cert before scheduling a closing date.
Towards the beginning...
Vic Reddy
Commercial loan rates - long term leased retail/office
Hello allWe are considering two Commercial retail and Medical office buildings to purchase in $4m to $6m range. What rates are you seeing in the market? Are there creative ways to find short term loans with lower rate...
Daniel Sanniti
Breaking mortgage penalty vs new mortgage effective interest rate
Hi folks,Does anyone have a spreadsheet on comparing a current mortgage vs breaking said mortgage and taking on a new mortgage with a much lower rate?I would like to determine the savings, break even point etc etc. I ...
Bing W.
Break Lease Penalty and Pet Deposit
Hi,I'm in Oregon. My tenants broke the lease agreement on Oct 31. I would receive one and a half month break lease penalty per Oregon law. I'm in the process of signing a new lease with the new tenants on Nov 10, but...
Stefanie Garner
HELOC vendors in Philadelphia?
Apologies if this inquiry already exists. I just completed my first BRRR in Philadelphia and am looking to take a HELOC against the investment property. Anyone have a good vendor to use? Local or national.
Joseph Coleman
Mortgage Rates Are Dropping - What Is Your Strategy?
Mortgage rates are falling, and CME futures suggest even more drops ahead. Refinance activity is expected to pick up soon. If you’re planning to buy, will you wait for even lower rates or buy now and refi later?
For...
Reginald Johnson
Hard Money Lending for beginners
Has anyone had experience with hard money lending? I have a 2 family unit that I pretty much own out right. It needs about $25K in repairs to make the property presentable/livable. I've tried the traditional loan, b...