Jon Ferris
One property or two?
Hello - I'm struggling with a calculation. I own a property in an up-and-coming neighborhood and would like to purchase a second with a cash-out refi on the first. To keep things simple, let's say I have 200K in equ...
Will Stewart
Appraisal and loan value?
I am new to this but can someone explain how the appraisal is reflected in loan value on a rental property that is being purchased? What is a good ratio? Thank you.
Jeffrey Fleigel
Payoff loan balance, refinance or do nothing?
I have a rental property in another state. I have excellent long term renters that pay 1000 per month. I pay biweekly and more than loan principle at 1200. The loan is FHA at 5.875. I know I have net negative cash...
Justin Hammerle
Have Interest Rates Finally Peaked?
The Fed increased its benchmark federal-funds rate again this Wednesday which will now range in the 5-5.25% representing a 16-year high. Some economists are claiming that this raise was already priced into current mo...
Tyrell Peters
Reducing Rent for Current Tenants Due to Market Slow Down
Hello,Does anyone have any experience for reducing rent when a lease is coming to an end? In our area the last 3 years rent has increased immensely, like a lot of areas. However there is a huge flood of new Apartments...
David Ivy
April 2020 Austin Market Report
The greater Austin metro area spent April 2020 under an unprecedented shelter-in-place order in response to the COVID-19 pandemic. According to the Austin Board of REALTORS (ABoR), this led to a 33% decrease in closed...
Michael Perrotti
Heloc or Refi for debt & New Home Purchase
I owe 250,000 on a condo. Same exact condo in my complex just sold for 500,000 last week.
I have a some of high interest debt I used to start my business along with some personal debt I would like to pay off. Would ...
Peyton LaBarbera
Question about cap rates
So this confused me a bit... I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.
The issue is in the listing description the agent said the bui...
Eve W.
Real estate loss in 2013, could it be carried over to 2014?
My real estate wholesale business had a loss of over $8K in 2013 and I was/am not a RE professionals regards to IRS terms. I had profit in 2014 for wholesaling of over $15K. Could the 2013 loss be carried over to 2014...
Aaron Morrow
📢 MARKET UPDATE - February 2023 🚨 (Greater Seattle Area/ King Pierce Snohomish)
The Puget Sound area is seeing more buyers and sellers enter the market as we gear up for Spring. A dip in interest rates has caused mortgage demand to jump 28% and the most recent NWMLS report shows that the number o...