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We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...
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Hi everyone.I am looking to invest in multi-family, either 4-plex or above in Florida in the coming month. Ultimately, later this year ideally, I would like to refinance, and take the funds out and use it for my next ...
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Hi All, my name is Schuyler and I'm a VERY excited rookie, glad to have found this amazing site! So my wife and I bought a house here in Seattle almost a year ago and are thinking that in 5 years or so maybe we can us...
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Is there an additional incentive, ie a reduced MPP for cash buyers vs. buyers using financing for deals? I am working on a wholesale deal right now and am considering offering a lower price for a property because I h...
YES! Seller Concessions can help a borrower qualify or the best loan programs and can make or break a deal.Example: 103,000 list price $95,000 negotiated sales price/ net to seller or$10...
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I am sure this has been brought up before.
I am closing on my first property soon and I have the option of taking a half a percent increase. Which would put me at 4.25% in an FHA loan allowing me about 7500 for clos...
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Since prices in Dallas TX are lower than Phoenix AZ. Where will you prefer to invest lower class area in Phoenix AZ or higher class area in Dallas TX?Assuming you want to invest a max of $350-400k where will you choo...
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Hey all, I'm wondering if I'm getting a fair deal on closing costs on my refinance. I initially paid 3.5% down and now refinancing to bring it to 20% equity of a value of 450K property. I know that the interest is at ...
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Purchase agreement has been signed by me (the buyer) & seller. I get the inspection report saying there are lots of repairs to be made including roof, plumbing, electrical, tree removals. Is this the right time to...
I recently bought a house in August that I will be flipping. I am looking at making around 90K to 80K before taxes. This will most likely put me in the 24% tax bracket but I am close enough to falling into the 22% tax...