I am just looking for some website to look for the average mortgage rates in my area, so I could do some number crunching. I am just trying to overcome my first investment property.
Hello,
Here is a bit about my situation:
In Los Angeles, California, here. Family owns 3 income properties in LA, all free of debt:
19-unit Multifamily ~ 3.8M Single family Home ~ $1.6MSingle Tenant Commercial ~ ...
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 ...
Some investors will use the BRRRR strategy where I’m from. Everywhere I read they mention things like appraisals coming in low, people not refinancing for what they hoped for, unexpected construction costs, it taking ...
I am a new investor. I came across a property with lots of equity (about $520k), but it has loans totaling over $2M. I think the loans are for a business or something else. It doesn't say but it shows up under mortgag...
I have been researching real estate cycles and found real estate economist Homer Hoyt theory of 18 year real estate cycle in the 1930's. In the early 90's economist Fred E. Foldvary predicted the real estate crash in ...
Im not personally comfortable with variable loans, which is why I stick to the 3-4 unit properties. However, with 3-4 units getting rarer in the area I buy, and 2 units being too cheap and not worth me using a mortgag...
Hi there!Can we go over some positive and negatives on using a HELOC(home equity line of credit) VS a conventional mortgage when doing a BRRR(Buy rehab rent repeat) strategy? I'm looking for what gives you the best re...
Hey all. I’ve secured a HELOC in order to finance my backyard ADU build. Already have plans drawn and getting ready to submit for permitting. But I’m getting a bit of cold feet regarding the HELOC. Assuming I draw $10...
Hey BP!I struck out finding a 30 yr fixed HELOC lender in my local city and was wondering if anybody has a referral for a HELOC in South Dakota or a national lender? Probably a long shot but wanted to ask anyway!My bu...