Jerry Condra
Analysis amount for monthly rent
Hello all,
Newbie question. I'm considering a vacation rental and not sure what amount I should use when analyzing the deal. Do I use the mortgage amount or get an average from the seller? I'm thinking I wouldn't us...
Allen W.
Lowest Minimum Mortgage Loan Amount
Morning (EST),Can anyone point me to a company that will offer a loan for a smaller amount on a 30 Year fixed, conventional? Generally, I've been told 70K was the minimum, although I did locate one that will use 50K a...
Jennifer Knestrick
Rate lock and loan amount
I realize this will simply come down to bank policies, but I’m curious what’s typical.In the the midst of a 1031 exchange, we qualified for a mortgage on the replacement property at $2.9M, and rate locked in mid July....
Emily Wilson
Loan amount for house hacking
Hi,We've been telling a family member about house hacking. I'm not sure it will work in the Bay Area as it is just so expensive here and the rents probably won't cover enough of the costs to an amount he can afford. ...
Claudia Del Leola
Move in Fee Amount (Chicago)
Just wanted to get some feedback back on the amount to charge for a move in fee. Most of the guidance I've found says it should be less than half of rent. I havr a listing for a 3br/2.5 bath townhouse in Chicago (Loga...
Sophia Griffies
Renter's Insurance-Amount of Coverage
How much renters insurance coverage do you all recommend tenants have for bodily injury and property damage?
David Edwards
Insurance coverage and amounts needed
Morning BP, Shopping around for insurance for our first rental property and wondering what the typical coverage you all go in for? It looks like the difference in 300k and 1mil liability coverage is a difference if ar...
Diane Tycangco
1031 Exchange Amount to Invest
Hello everyone, I am thinking about doing a 1031 exchange. How do I calculate how much I should invest in the new property? Do I get the sale proceeds, subtract loan balance payment, the closing costs of buying the ...
Stephanie Barton
questions about HELOC appraisal amount
Okay I've got a question for the professionals out there. My husband and I have applied for a HELOC to help make the down payments on our rental properties that are under contract and to help pay for the updates to t...
Ben Gordon
HELOC Rate & Amount Advice
Need some advice. Getting ready to close on a HELOC and I have a couple of options available....$70,0006.5% (Prime + 1)$64,4005.5% (Prime)These options are based on 80% & 90% LTV. Would you go for more available f...