Hi All,I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property? My lender quoted me at 5.375% for rental property loan with 20% do...
Hi Guys,I'm starting my vetting process of various mortgage lenders in my area. I have compiled a nice list of questions based on the article 7 Questions Real Estate Investors Should Ask When Selecting a Lender. Can y...
I have an opportunity to take a stake in a $1M flip in Miami. It's being lead by a friend who owns a construction company there. He negotiated a good acquisition that never hit the market. His company will be doi...
I could use some help with this one. My current situation: - 1 SFH ($500k market value, $340k mortgage, breaks even on cash flow but is in the hottest zip code for appreciation in the city right now due to major com...
Understanding a Mortgage Appraisal - Part 1
The first thing to understand is appraisals are not all the same or equal. In fact, each appraisal is unique to the needs of the specific client.
Mortgage Appraisals are...
Hi all,
There's a home I'm interested in renting that I saw on Zillow and reached out to the landlord. She is saying that she needs for me to apply via Zillow (there's a $29 universal credit/background check that can...
Bought my first 2 properties and and went through a lender that my agent recommended. He seemed really good and I was naive and didn’t shop around. How bad did I do? And any recommendations on what I could do besides ...
Hello everyone,
I am new to real estate investing and would like to take advantage of the wealth of knowledge investors on this site possess! I currently have a deal in the works for 2 townhouses built in 20...
Purchased a home with owner financing in SW Florida. We had a closing and are the owners of the home just as if we went through a bank. We have been here nearly five years. The terms included a balloon payment, but th...
I have 2 investment properties and 1 owner occupied residence that I live in. I have one investment property that has more equity and appreciation than the other. I would like to buy more properties, however, with t...