Aaron Gallington
Should I refi now or wait until spring of next year??
I have started going down the road to do a DSCR cash out refi on a duplex (BRRR) I purchased last year with my HELOC, but not that far yet. I know rates have dropped a decent amount in the last week or 2, but based on...
Sam Cain
Denver Long-term Rental vs. Airbnb?
Hi Guys! We are in a debate on the Denver rental market - whether doing a long-term rental or short-term rental. Are there any resources to help determine the potential rental income for short-term rentals?
Thanks!
Chris Abkarians
Mortgage Buying Groups: do they exist?
Hi all,This is a bit unorthodox but curious to hear some thoughts. I reached out to a dozen lenders in Boston to find the best rate for my own mortgage. Many of my friends were looking for mortgages at the same time. ...
Kevin Drouillard
Good credit, so-so rates?
Hello BP, I'm purchasing a rental from a turnkey provider in Chicago, as an out-of-state investor. I recently locked in a mortgage rate of 5%. However, I'm wondering why did I even receive such a relatively High rate ...
Toben B.
What percent should closing costs be on cash out refi of $140K
Hello,
I have 3 duplexes to cash out refi on. All are worth $200K. One is free and clear, one I owe $5K and one I owe $35K.
What should closing fees, points, appraisals add up to? I am seeing $7400-$8400 in closing ...
Brian Kempler
What percent of rent is a good rent credit?
Say market rents are $1,000 in the area. I'm thinking of offering about 20% as a rent credit. $900 pays for the lease, and a separate option contract gets a non-refundable $200 paid into it. Is that a fair split or do...
Melissa Nimley
I have two investors and i don't know what to do with them. Help!
Hello. So I am new to the game. I have two investors willing to put 30,000 each into my investments. The problem I run into is that I am just a beginner and I am barely going to start real estate school. Can anybody g...
Jamie Atkinson
Fannie REFI Closing Complications and Covid
Background: Currently doing a Fannie REFI on two duplexes (originally purchased 2013 at 5%). Locked in at 4.25% for a no-cost refi. Idea is/was to lower my P&I and improve cash flow, etc... Closing date next wee...
Mark Forest
Help with renting to family members
My father is almost 90 and is having both mental and physical health problems. We own the house next door to our personal residence, and it is currently vacant as we do some finish work to it. If we rent the hous...
Chris Lucero
Health insurance what are you doing about it?
So I have made it this far and life has thrown a curve ball. I figured my wife could carry our families health insurance while we venture off into real estate. Well life happened and now it is just me and the kids, ...