Jim Cummings
Texas Job Growth Numbers
Texas Economy Grows For 23rd Consecutive MonthAUSTIN (Texas Workforce Commission) – The Texas economy added 34,700 seasonally adjusted nonfarm jobs in May, marking 23 consecutive months of employment growth, reports t...
Sam Tang
Exit Strategies for conventional ARM mortgages
I'm looking around for a portfolio lender that will finance me for a non-warrantable condo and finally found one. The condo is in the $175-200k range. They offer a 10/1 ARM with a 30 year loan term at 4.25% with 25% d...
Stephen Rinaldi
Understanding ARMS and the value they bring
I have to imagine the recent trend of lenders attempting to incite business will continue, this will likely manifest itself in more adjustable rate mortagages (ARMs) becoming available. Currently I'm seeing along of ...
Bradley LaBrie
Difference interest rate for 1 and 4 units?
I’m by no means an experienced investor but I have never heard that the interest rate between residential multi family interest rates are different.A broker told me the interest rate for a 1, 2, 3, 4 are all different...
David Ellis
Tax on Boot for 1031 Exchange
I have another question for the group. I want to know how the boot will be calculated for buying a replacement property that is less than the sold property. For instance, I bought a property 10 years ago for $155,00...
Ashley Glinka
BRRRR METHOD CASH OUT REFI-ARM VS. FIXED RATE
Hi,
First time poster here. My husband I recently purchased our first duplex using the BRRRR method. We purchased through our LLC and paid cash. We've been talking with different banks. Do all cash out refi's in...
Erik Sherburne
Investment property mortgage rates up - Fannie Mae changes
Anyone else see this?http://www.mortgagenewsdaily.com/channels/community/969950.aspxIt was sent to me by my broker.Short version, Fannie Mae is reducing their 2nd home/rental property portfolio to 7% of the overall lo...
Daniel M.
Seeking Insights: Choosing the Best Mortgage Option for an Investment Property
Hello, BiggerPockets community!
I'm evaluating three mortgage options for an investment property and could use your expertise. I'm trying to determine the best fit for my situation and would greatly appreciate insigh...
Briana Lockman
Best way to extract equity
I currently own a fully paid off SFR that I am looking to take 70-80% of the equity out of to put as a down payment on a new property. Since there is no mortgage, is a cash out refinance better than a HELOC? A fixed r...
Matt Luzik
Heloc-just starting out!
Hey guys! New to Bp....but definitely just starting and learning as much as I can and following a lot of people...wanting to know if buying a property with your existing residential line of credit is too risky or shou...