TL;DR - Is it worth it in this economy to buy down the interest rate with points?Loan Details: All-in (purchase price+ renovation costs) for $420,000; ARV projected to be $520,000; 70% LTVOption 1: 6.999% interest; $1...
I need some serious help. I am new to real estate investing. I bought 2 homes from a wholeseller, one for a flip and one for a long-term rental. I went with a contractor they recommended and said other investors had u...
I started looking into refinancing the mortgages on my investment properties- no cash out refinancing given that interest rates are low; my interest rates are b/t 4.75-5.25%. It seems that closing costs are too prohi...
I'm taking the slow and steady approach, working my way through podcasts, blog posts, and books to get up to speed on the language and practices of REI.I'm finding myself in the strange position of being what's often ...
Greetings from Dallas, TXI am about to start searching for a private investor to fund a property that I am about to have under contract. I got the verbal yesterday. Here are my concerns. If the investor is funding 10...
Hi all, (I am in the greater Toronto area)
I have been buying rental properties within a neighborhood, and now have consolidated a sizable lot, though still missing the lot corner unit, which is owned by a developer....
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $326,000
Cash invested: $40,000
I own a single family home in Henderson, NV - recently renovated and converted to a...
Hello everyone!
I just went through a painful eviction of my tenant who failed to pay rent for december and of course January as well.
I was thinking of suing them for my expenses and what they owe thro...
Hi,
I have signed my lease and unfortunately I need to travel immediately and wouldn't be back before Jan.
I asked my landlord if I can start my lease after and she said she'd find someone else.
She asked me to...
Hey guys stupid question, own a 5 family property cash flow is good. Bank has me at a 5.5% interest rate 10year balloon 25yr amortization but with a 3% pre payment penalty. Talking with another bank now offering me 3....