Rocco Grossi
First time home buyer for duplex
OK so I have been doing a lot of research utilizing BP, real estate agents, and mortgage lenders. With a mortgage being $1,000 or more, how does anyone generate cash flow with that? I've done numbers on a few properti...
Jennifer Bondhus
FHA Lending
We're new to Texas and not sure if the same lending practices hold true for all states? We're wanting to buy an owner-occupied duplex or 4 plex. Would we be able to use an FHA loan for that? In Texas, is it require...
Massimo Salerno
Financing for Canadians
Hi all!I approached BMO HARRIS and ROYAL BANK for financing. I have 2 homes with no mortgage on them, one of the homes is rented and I would like to re finance the rented home. The other Home is being rehabbed. Discus...
Matt Lorenzo
Use a Home Equity Loan to Pay Off Newly Purchased Home?
Hi all,So, my situation is as follows. I currently own 1 condo, and recently purchased a duplex. Both properties are in Cleveland, Ohio. My condo is paid off in-full. It currently appraises for $63,000. I put 25% down...
Austin Harley
What to do with paid-off rental mobile home too old to refinance.
Currently it nearly pays for my primary residence in another state, which is mortgaged at $1100/mo at 4.125% and has about $75k in equity. But... I'm thinking about selling it and putting the money down on two single-...
David Krulac
Buying is more expensive than renting in ALL 50 states...........
according to CNBC, however in my market with the current low interest rates I don't see it that way. What does your market tell you?http://www.cnbc.com/2017/04/07/heres-how-much-more-it-costs-to-own-vs-rent-a-home-in...
Lara N.
Down payment of $230K not a wise investment?
I'm debating between two investment scenarios & would appreciate your input!
I'm considering buying an updated older 2/1 house in a hot neighborhood with a permitted 1/1 basement apartment with it's own full kitc...
Angie Ruiz
Looking for financing in a major touristic town in Mexico?
Hello all,
I'm looking to purchase a house in a very touristic location in Mexico and wonder if there are any lenders that finance properties there. I would like to list house in Airbnb and similar sites, and title u...
Carlos Villalta
Refi or HELOC
So My current monthly payment is $870 @ 3.75%. I owe $70k on my mortgage and a balloon payment of $30k. If I refi or do a HELOC I'm told the $30k would have to be paid off first so should I do a HELOC or cash out refi...
Ralph DiBugnara
Tip About Adjustable-Rate Mortgages
The biggest advantage of an adjustable-rate mortgage (ARM) is that it is considerably cheaper than a fixed-rate mortgage, at least for the first three, five, or seven years. ARMs are also attractive because their low ...