So I’ve been looking at house prices across Southwestern Ontario over the last month, and I’m trying to figure out some of the numbers. BP would suggest for a rental, to use the 1% rule. With house prices the way they...
I have been looking for 3-4 unit apartments where I currently live. I plan on using an FHA loan and occupying the property for at least the first year until I decide what market I want to move to for investing in real...
I'm having a battle inside my head:
• do I put a large deposit down on a house and pay high monthly rates to pay off in ~5 years
Or
• do I put a low deposit down and stretch the mortgage for cheaper monthly paymen...
Hello,I have some experience with small multifamily, SFR and condos, especially analyzing those deals, but I am now considering NNN lease for the ability to invest in passive out of state income. I have been receiving...
Hi all I’m new to BP and I’d like your input on my current scenario. 1.) I am getting rates on a cashout refinance LTV 95% 2.) Value of loan at closing will be $342k and cash out will be $148k. 3.) interest rate will ...
Hi all,My business partner and I listed our home in Vilano Beach, FL back on 4/13/2023. We are looking to offload the property and get into a different investment strategy. To do so, we need the equity out of our home...
I'm a late newbie RE investor and only own a primary residence with a family of two kids. We have about 600k equity in our Bay Area,CA house with another 650K left to pay on our 2.5% refinanced mortgage. I also hav...
Hey everyone, I searched high and low, and I cannot find anything that clearly indicates *today's* rates for conventional 30 year fixed loans for rental properties. Do you guys have a resource? i realize they change, ...
Hi everyone
Can someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you w...
Hey guys,I have been studying and learning for the past year but I am finally ready to buy It seems like alot of the multi family listings are at great prices in rhode island and am getting slightly overwhelmed with w...