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Hello Hive,I am a first time home buyer and investor. I am buying a duplex and will be renting it out for a long haul. I would like to seek advice on whether to avail of 30 yr Fixed mortgage or 5/7/10 yr ARM. At this ...
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I recently acquired a 12 units apartment in Tennessee and self-managed since I want to get experience in management. I need to renew all my tenants' leases so I went ahead and served them a letter like what's at the b...
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Well, he's fired now, but I'm still trying to clean up his mess.
In a matter of just 2 weeks on the job some issues arose and I'm not entirely sure what's legal or how to handle the situation.
The hired Property Mana...
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To provide some background, I am purchasing my first 4 unit property in a rural area. This town is my hometown, but I now live ~5 hours away. I need to put some sort of property management in place. There is only one ...
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Hi BP,
This month I have had my first late rent (two tenants, actually). I sent a firm reminder email right after midnight asking if everything was OK and summarizing the lease's late fee schedule.
Thi...
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I am trying to figure out what formula to use in excel if I sold my note at a discount to calculate the new rate. Does anyone know this?
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So I'm buying a 3 family home..$250,000 in NJ , I'M taking a conventional investment loan 30 year with 25% down non owner occupied. Did a lot of browsing around with different lenders. So this rate was the best rate ...
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Hi there. I am working with a bank to pull equity from my primary residence to finance my first investment property.
We’ve had a rate hold for some time, and now the final papers are showing a higher rate and I’m be...
What does it mean?How to calculate it?
I have started going down the road to do a DSCR cash out refi on a duplex (BRRR) I purchased last year with my HELOC, but not that far yet. I know rates have dropped a decent amount in the last week or 2, but based on...