Harpreet Walia
Line of Credit
Me and my wife recently bought a new residence place for primary living. This is our first propertyWe are under conventional loan at 4.1% interest rate for 30 years. We dont want to keep paying for those many years ca...
John Underwood
VRBO and AIRBNB inquiries, Airbnb is creating unapproved discount
I Received inquires from HA/VRBO for Memorial day weekend within 20 minutes of each other. I have both set at $450/night. The HA/VRBO quote is correct, but AIRBNB quoted $415.25/night. I found where there is a weekly ...
Alex Hoang
Conventional Investment Mortgage rates seem high?
Ive been shopping around for lenders for conventional fanny/freddy loans for investment properties. I've talked to 3 national banks, and 3 local to my markets (currently memphis and OKC)But the rates seem higher than ...
Mike Mitchell
How to make a zero interest rate note sizzle!
I have found a note with a upb of 28,500, zero % interest, with 114 payments of $250 remaining. A note at zero % interest is unenforceable in Texas and the note cannot be purchased as it is. I offered $13,636.35 w...
G Pyros
SFH Monthly Math (Excel)
Hello all, I put together a spread sheet to analyze a potential home. The home is built in 1997, 75k list price but I have the negotiated 70k with 5k to fix (carpet, paint and general clean up) Rent goes...
Kaitlyn Masai
Refinance before or after remodel on inherited house
Hello BP, I have a tricky situation that I could use some guidance on. My family just inherited a house in Marina, California. This house was previously by my uncle and his partner both of whom passed away in the last...
Brendan L.
Upfront repair costs canceling out cashflow for X years
I'm trying to buy my first duplex. I have one under contract, and I'm trying to determine the initial repair costs.I need to decide between keeping the slate roof and repairing year to year, or just replacing. I'm loo...
Mohammed Nasser
Beginner House Hacker Questions
Hi BP Community!I have decided to enter the field of RE investing and I am still extremely new to it (less than a month). I live in an expensive area (San Jose, CA) so the way I would like to begin my investing career...
Chris Seveney
Interest Rates & Seller Financing
Recently I have received emails from note investors whose primary focus is on acquiring owner carried paper. A significant amount of the loans that made there way to me were underwritten at 5-6% interest rates (at a t...
Eric Lee
Interest rate for investment properties
Hi All,I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property? My lender quoted me at 5.375% for rental property loan with 20% do...