Ok... I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory. I am selling because I moved out...
Hi,
I maxed out on my Fannie loans so I have been searching for portfolio lenders. I found one that lends at the following terms:
Interest Rate: 5-year FHLB + 3.00%, floor or 5.95%
Adjusts every 5...
Hi, I bought a building where I have common area and basement. Is common area considered Residential or business? PSEG charge me gas and electricity as business. Any input appreciated.
HiI work with Third federal and they have an amazing feature of rate relock( which is not refinancing) in that they basically you can request for rate to be changed(when it drops) but paying $295( or lower when they h...
I am in the middle of a cash out refinance and was told my rate would be locked. However, the final closing cost is 4k above the initial quote. The rate did get locked but the origination fee went up 2k from the initi...
I imagine some investors, me included, calculate their purchase cap rates, ROIs, CCR or whatever their metric of choice but then fall victim to parking that property in the portfolio, enjoying the cash flow, moving on...
Are BRRRR investors tracking the new change to cash-out-refi seasoning periods?12 month minimum seasoning period rather than 6.
What are thoughts on how this could effect the BRRRR strategy? And how are people changi...
hello everyone, im new to this forum. sorry to start off with a problem, but this came up out of nowhere.
i am investing in a rental property in las vegas. i went to chase for an investment loan with the title to be ...
With the recent inflation hike, I’ve been asking myself – will it be possible for banks to change the terms of existing fixed rate loans in the future if really high inflation hits (aka hyperinflation). I am question...
Hello BP family. I'm an extreme newbie. My question is, I'm a partner in Boat/Rv and self storage. We have recently got our first stage completed, the appraisal is in and we have a large amount of equity in the proper...