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Hey Everyone! In the process of buying my first house & trying to make a house hack work in the Boston area.My question is pretty simple -- when I run analysis through the BP Calculator and I enter the Interest Ra...
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Are there any ROUGH rules of thumb for determining a STR or Mid-Term Rental from a Long-Term Rental rate?For example, if I know a property can rent long-term for $1500/month, can I do x2 ($3000/month) for MTR and x3 (...
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Hi BP Community,When using the calculators, should I be using the loan rate or the APR? So for example, my rate quote I received from my bank for a $130k, 30 year fixed rate loan is 3.25% + 3.875 points for an investm...
Currently got quoted for an interest rate of 6.25% with a 8.25% APR for the mortgage loan. My current credit score is at a 780. My question is, is that a good rate or a normal rate to be at in the current market of No...
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This sounds like a dumb question but in private lending, generally, is the % rate annual or for the length of the short term loan? I'm pretty sure it's annual unless otherwise discussed and I know that private lending...
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I'm out of attorney review on a 2 family investment property in Englewood, NJ. This is a pure investment property. I won't be living there. Any recommendations on mortgage sources that have good terms- APR etc. Do...
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Hey BP people,I'm a part time investor In Panama city Fl. I have 2 Single Family rentals and 1 PR. My original plan was to stop acquire rentals at 3 and being to pay them off beginning with the first one ( to create a...
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Hey all!In the next 60 days, I need to lock down my FHA loan. Right now, I have a quoted 2.75% but want to know opinions... does anyone think this will spike? Or perhaps will it continue to drop? I’d love to know thou...
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Hi!I am reaching a point where I badly need a new vehicle. I can afford it, so that is not the issue. My question is about what the most practical vehicle type would be. I am looking at either a truck or an SUV-type...