Joe S.
Creating a note in order to sell it.
So I have been thinking the last number days about a particular scenario. I have a property that I could sell for somewhere around 400 K with owner financing. We have found it for number years so the value of the prop...
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. ...
George Gammon
"negative rates distort everything" warren buffet. how about RE?
The gravitational pull of interest rates according to Warren Buffett. How does this affect housing prices? must watch video for real estate investors. click here for video of Buffett discussing interest rates
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 ...
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!
Account Closed
What affects the interest rate in mortgages?
Here is the scenario. I first started out with a 680 credit score when I approached my loan officer (at Suntrust) back in March and he gave me a 3.75% interest rate, I'm still looking for a property up to now and my c...
Ivonne Hunter
Rate lock in fees on investment triplex property
Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whop...
Jack B.
Mortgage rates: are they really as low as they advertise on web
Aimloan, Navy Federal Credit Union, etc. They say they have rates from 3.25 to 3.35 % based on my 830 credit score, 20% down, etc. on their websites "rate quotes". I wonder though once they do a hard pull on my credit...
Chad C.
How does loan discount point work?
Dear, BP fellows,
I have been looking for investment property loan info for AL and recently get quoted with 30years interest rate 7.625% with 2.125 discount point. So for a property around 200k 20% down, right off t...