Long story short we will be putting 10% down for the house. We could put 20% down and still have cash reserves but we are looking to acquire our first rental property this year so we would like to save some of that c...
Hello everyone, mortgage rates right now is super low that i want to take advantage of it. The thing is the mortgage rates are low if it’s your primary residence and still quite high for investment (rentals).My curren...
Hello, my business partner and I are looking to acquire a daycare business and the real estate. She had the knowledge on how to run the business, but her credit would not qualify for the loan and the bank is saying th...
Hi gang, I’m 46 and started building my RE portfolio about a year ago. My goal is to have 10 properties fully paid for by the time I retire around 65 (or hopefully sooner). We currently have 3 townhomes (One on 240m 6...
I have a questionI have property I just acquired and renovated with a Fannie Mae loan. I’m looking to cash out refi, but I have to wait 12 months of seasoning before I can do that. Does that seasoning period apply if ...
My wife and I purchased our first home three weeks ago in May. The location is perfect for renters so our plan is to rent our home out in a year. In addition, the house next door is going to be for sale soon. We would...
I am looking to sell 2 duplexes that are not cash flowing well. I own some land and already have plans to put a quad plex on it. Can I use my 1031 exchange to build the quad? Or split it and use some to build on anoth...
I would like to 1031 out of an investment building that I have owned for several years and exchange into new construction buildings on raw land that I already own (paid cash for land a few months ago and construction ...
What’s some strategies you’re taking in this current market?
Given the current capital markets and high interest rates, I wanted to share a quick breakdown of what owners should consider when doing loan assumptions as a strategy to get lower cost debt.
While loan assumptions ...