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I’ve got accepted terms on my first 4 flat after several counter offers....negotiating the closing details. There are two properties adjacent to each other, hoping to purchase them both. Bank has given me the green li...
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I currently own three rental properties and hopefully will close on another one by May.My friend and I also are thinking about buying a 4-unit complex in Washington, D.C. Because of the prices being so high in Washin...
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I'm looking to do a cash out refi on 3 sf units that I own free and clear. I've been offered a 3/1 ARM at 4.65% with one year adjustments at CMT + 3.75%. 15 year, 65 LTV, 1% fee. This is a new loan structure for me. A...
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Looking for advice on on using an ARM loan for a multi-family. I'm considering purchasing a multi-family home to house hack using FHA. However, I'm considering using an 5 year interest only loan rather than a principa...
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Are HELOC’s interest rate fixed? Or can it fluctuate? If it does fluctuate can it be significant? Can it go for example from 4.8% to 6%? Thank you.
Arthur Voskanyan
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I talked to a few lenders that said they will only do fixed rate mortgages on investment properties. Is this pretty much true across the board, or are you able to find lenders that will do adjustables?
Thanks,
Asher
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Hey BP,I just got a 2 unit property under contract which I am purchasing for $39k cash under my LLC. My current estimates on rehab are $40k. My plan is to get a loan from my local bank for $80k to repay my investors...
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I have made a connection with a commercial lender at local community bank. After speaking with the commercial lender, they're willing to offer the following loan vehicles with as little as 15% down payment. I have ...
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Hi All,I've received a commercial term sheet for my first commercial property ($390K loan on $520K purchase):10 year maturity, 25 year amortization. During the first five years fixed at 4.75 and then after first fiv...
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Hello BPIf I extend the lease and increase the rent, should I adjust the last month's rent to the new rate?