With interest rates on multifamily having gone from high 4s to high 6s the buyers expenses will be higher now than they were a year ago. A potential seller I know is considering whether or not rates will come down or...
I just received a letter from farmers insurance saying my primary homeowner's insurance would increase by 93%. there reason was - 8% cost of living, 3% agent commissions and 82% for industry factors.? it is not the...
Dear BP members,I'm in the process of purchasing my first property in Ohio within the next 1-3 months and am seeking information on financing options for a Canadian investing in Ohio. Specifically, I'm interested in e...
Hi folks,
My wife and I are planning to buy our first property in Seattle. The property is around 50k over our budget but we plan to offset the additional cost through Airbnb. Anyway, the question I have for this gro...
What's Up With Real Estate and Interest Rates?
The Fed cut rates by 50 basis points on September 18, initiating a new loosening cycle. Since then, average 30-year mortgage rates have RISEN by 50 basis points to aro...
Happy Holidays! The November 2024 report from the Austin Board of REALTORS® shows stable housing prices in the Austin metro as we approach end of year. The median sales price in the City of Austin rose 2% from a year ...
I'm a little torn between whether to use the equity I've built up in my portfolio to get a large HELOC, or take out fixed-rate 2nd mortgages on my current properties. The goal is to use the funds to make "cash" offers...
Hi Bp community , looking into building an ADU IN BACK of my primary residence. I’m guessing I have about 200,000 in equity. I’m not very bankable. Is there any creative financing option for me to get about 150,000 ou...
Is 2020 recession hapening and how will it affect the real estate prices ?
If you had to make a decision in the current market, would you take 3% with 7yr balloon or 2.75% with 5 yr balloon? On a 20 yr amortization. What is your reasoning?