Hi BP, I called the lender on this property and they offered only a $34 monthly reduction after refinancing, I wanted to BRRR this house but I don't know what I'm missingWhats an average % reduction of mortgage payme...
I’m looking at a 4 unit townhome in Tampa, Fl. Total cost is 800-900k. My income is 110-150 a year. Downpayment 50k. How does projected rent work into a mortgage loan for a property like this? I would live in one and ...
Before I can analyze a deal and calculate the cash flow, I have to factor in the mortgage payments. Do I call a bank to find out what my mortgage would be on property first?
I refinance out of my city of Oakland first time homebuyer loan which made my mortgage payments go up. I raised the rent accordingly try to keep up with the mortgage payment. Am I in the right for a Fair Return? Tenan...
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...
Hello all,So I'm attempting to learn by using the 4 square method on properties I see online to A. See if it's a good investmentB. Compare my results to the numbers provided by whichever site I'm looking at.I included...
Hello All,I have recently began the pre-approval process for a 2-Unit and am interested in going with the FHA loan. However, when speaking to my mortgage broker he told me something I have never heard before and wante...
Am I missing something? I’m struggling to see how I can afford to get into a second house with my current DTI. I own a house that I am living in with a VA loan and want to buy a different home and move into that as my...
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
There is a common metric pro investors use to choose markets that many newbies overlook ... the gap between the estimated average mortgage payment and market rentRent vs. Own Gap = Avg. Estimate Mortgage Payment - 2 B...