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Refi Mortgage Advice (am I getting ripped off)
Hey BP!I am trying to do a cash out refi on a property (first time) and need advice, It seems like the interest rate is unreasonably high. I was expecting for it to be about .25 - .5 higher than current industry avera...
Joseph Scorese
Fed Rate Goes Up. Mortgage Rates Go Down
Fed Rate Goes Up. Mortgage Rates Go DownMortgage rates moved just slightly lower today, despite the long-awaited Fed rate hike. Once again, that's LOWER mortgage rates and a HIGHER Fed rate. Here's how that works: The...
Kyle Woodruff
Cap rates in certain areas
Anyone have a way to look up cap rates in a certain area? I'm trying to get an evaluation on the property I want to purchase and can't find how to look up cap rates in my local area. Thanks in advance everyone!
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How high can Seattle go?
We've all seen the unprecedented growth in the last few years. The price of SFH's in Seattle has gone up 13.5% yoy. I'm considering selling my portfolio in the near future but I feel like it's not at the top yet. D...
Ryan Waage
First Deal Analysis
Hey everyone I have a few questions I'm hoping some experienced people can help out a noob like me with! I am in the process of purchasing my first home and would appreciate any guidance relating to knowing how to han...
Chance Stein
Quickbooks Payroll, is it worth it?
My Dad and I run a small commercial construction company and are looking to hire. We need a payroll service and already use quickbooks. Is it worth the extra $30/$80 for their payroll service? We are looking to hire 2...
David Ivy
May 2019 Austin Market Report
The May 2019 Central Texas Housing Market Report is out from the Austin Board of REALTORS® (ABoR). The median single-family home sold for a record-breaking $407,400 in the city of Austin. That's a 6% increase from May...
Rick Baggenstoss
Can I not assume lease of non-owner tenant, foreclosure?
I'm in due diligence period for a SFH with carriage house. House is FNMA foreclosure and tenants are not the owners but would like to stay. Rent is $1850/mo -- well below market rent of $2500 - $2700. Primary hous...
Meagan Valvoda
How to get a job with a property management company?
I’m considering looking for a job with a property management company.. I’m thinking it would help me learn the ropes while I save to buy my own properties. Has anyone started out this way? Do you have any tips on how ...
David Perkins
30 Year Loans for Investment Property
Hey everyone! So I am a real estate agent in East Texas and I've sold 5-7 investment properties to clients. My clients usually always get 15-20 year loans that are on a 5 year ARM. Our local banks all tell me they ...