Dan Thomas
Buying down points???
Hello, I am in the process of getting pre-approved for my first investment property loan. I am being told that I need to buy down my interest rate, which is very surprising to me. I thought that was only the case w...
Joseph Pucci
Loans loans and more loans!
DO lenders always have loan points or depends on the lender itself? Any regs that I should know about?when buying up the interest rates its increments on bases points are always .25 bases points increments correct? Di...
Cynthia Oistad
Should we reduce rent if tenants sign extended lease?
Our Anchorage-based single family home tenants' lease is up in May 2020. They have indicated they are going to save up for a down payment on a new house and would like to rent two more years. Yay! They have asked i...
Josh O'Hearn
Can you explain discount points?
Hello everyone,
I received this message from the mortgage company I am using this morning: “One thing that I was told is that the interest rate would be around 7.875% with 1.25 discount points.”
The interest rate se...
Astrid Ortiz
Lenders with low interest rates
Im trying to buy my first home but the interest rates are not helpful right now. Does someone know of lenders that will offer lower interest rates for a buyer with excellent credit.
Rosie Small
Please advise , review this numbers for me , DSCR LOAN
75% LTV, NO SEASONING, CASHOUT REFINANCE, $ 10,000 IN DISCOUNT POINTS but 1% orig fee and $ 2000 underwriting fee. Maybe it is ,10 years interest only , 5 year ppp. I dont know.please
Brian Carmichael
Sell all real estate in IRA account
Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate. Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted...
Ian Tyndall
Want to collaborate on building a STR GPT?
Hello world!This week OpenAI announced the launch of its custom GPT functionality. I started one to help STR hosts (free to use):ChatGPT - STR Property Optimizer (openai.com)The focus is on discount pricing strategie...
David Duong
Deal analysis: SFH - Please Help
Hi everyone,
I would truly appreciate it if someone could analyze my numbers to see if this property is a winner. I’m considering making my first offer; this is my first Single Family property analysis. My RE str...
Austin Smith
Partner wants me to pay him future (potential) profits
Hello. My partner and I are both starting out and bought a SFR to buy-and-hold. We made the mistake of getting absolutely nothing in writing. He was unable to qualify for the loan, so I took on the mortgage. Two month...