I'm a local investor and agent here in Columbus Ohio. I wanted to share with you a quick client story of mine (happened just a few weeks ago!) where I helped my client close a 26% cash on cash return deal using seller...
When should you refinance your mortgage? Is now the time since interest rates have finally fallen? Or will refinancing down to today’s rates not be worth it when, six months from now, interest rates could be substanti...
Hi BP- buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...
Reasons to structure offer with seller credit for closing costs in Lieu of discount off list price
This is simply a Paper Credit. Its not as if the Seller is asked to bring a separate check to closing to ...
Hi, I'm under contract for my first property, a 4-plex. I received loan estimates from 3 different companies (30 yr conventional). Two of them are in contention. 1 has a lower rate by 0.25% and the other has closin...
Hi BP community,Let me describe this long story short. So this house I'm buying is a 2-unit small multifamily which I plan on house hacking. It was listed for $850K, and we agreed to $835K purchase during attorney rev...
Hi All,A friend of mine recently signed an offer to purchase a home. The seller agreed to the following terms: Seller will contribute to $X towards the buyer's closing costs and/or prepaid items. I told him that this ...
Hi All,1) Need some advice. Most of the cash out refinance lender require me to move the property from my LLC to my name for the refinance, is that a normal operating procedure or is it a taxation nightmare to move i...
Hey everybody! Has anyone taken out a TSP loan? I'm thinking about using that for real estate purposes and am wondering if it will lower my credit score and by how much if I take the full $50,000 that I'm approved for...
Hi BP,
I'm in the process of closing on first property, a 2-family house hack in Union city. I was waiting on the Certificate of Occupancy and Smoke Cert before scheduling a closing date.
Towards the beginning of ...