Houston Pitts
Advice how to market a mortgage
I bought a property in 2004. Later one of the renters wanted to buy it from me. I sold it to him via owner finance. Some years back he could no longer pay for the home and was moving away. I took the house back for...
Jeff L.
Help me understand some math from "Invest in Debt" by Jim Napier
This is from page 98 in the book.Johnny owes you $10,000 -- interest rate is 10%, payment is $132.15, number of payments is 120.He's going to sell his house so he asks you for a discount if he pays it off now.You agre...
Brian Blahous
Purchase portfolio of SFRs
Has anyone had luck purchasing a portfolio of currently rented single family homes? I am doing a 1031 out of a property and looking to offer on a portfolio of 12 SFRs, but running into roadblocks on financing. The a...
Sarah Selle
Dynamic Pricing for 30+day Rentals
Hi all,I have a medium term rental (30+day stays) and have been using Price Labs for dynamic pricing. It's definitely set up for STRs and not properties that rent out monthly. I'm not sure it's worth the $20/mo vs. pr...
Marita Jojo
Refinancing is it good rate
I am refinancing my first investment property and will appreciate if someone can tell me if I am getting a good rate or what rate should I get -Property Type - Single FamilyLoan Amount - $150kLoan Type - Conventional ...
Tyler Kellogg
Closing costs insane...is it real estate a good investment?
Just spoke with a loan officer in the Florida panhandle. She explained there would be around $18,000 total in closing costs to purchase a 250k-300k home...approx $11,000 standard closing costs plus $7,900 in "discount...
Clark Kirkpatrick
"Investment Property Fee" in closing costs??
I just got a quote for a loan on a triplex. Purchase price is $140k, and the quote lays out each line item that I'll be charged for.One of the lines says "Investment Property Fee - 2.125% - $2,231.25I haven't seen thi...
Jay M.
Landowner / financer partner with builder
Hello All, I searched the forum and didn't see anything that exactly matches my question.I am an architectural designer and before that I was construction super. I recently built a spec home (design / build) and it ...
Brandon Craig
Question around discount points!
Hi All,My lender offered these options for my first investment property and it seems crazy that I have to throw away another 10k on top of everything else.With 15% down the interest rate would be 6.375% but you would ...
Urvashi Vasishtha
Is Temporary Buydown the hottest purchase option right now?
The RE market has been buzzing with news around the keyword; temporary buydown. Some experts believe that the hottest and most talked about purchase option right now is the Temporary Buydown.They assert that it is a g...