Rian Ash
ARM rates for Investment properties around 3%
Hi BP Members,
With the mortgage rates going down, I was wondering if you know of any credit unions, providing ARM options on investment properties with mortgage rates around 3%.
I was able to secure 2.875% 5/5 ARM...
Eduardo Castelvi
Investment Property Mortgage Rate
Greetings,I am currently on the process of purchasing my first investment property. I am working with a local lender and the rate they are giving me seems a bit high. What is the normal average rate for investment pro...
Joshua Nash
How.do I estimate repairs?
Hello, BP! Does anyone have an idea how much they would estimate a full gut and renovation of an older 4 Bed 2 Bath home would be? Located in central NJ. Just under 2000 SF. Lower middle class area with similar homes ...
Chad R.
Mortgage Interest rate question
Quick question, we are in the process of purchasing a property in FL for the sole purpose of STR, I have a question on the rate we are getting from our broker, hes quoting us 5.3% with 20% down (loan 228, 0000) this ...
Kyle McVay
LTR Kitchen Questions
Okay, this is a home built in 1937, although this isn't the original kitchen it's definitely not what I would consider updated. I'm curious to know what y'all would do and why. This home is a LTR in a neighborhood th...
Tyler Bushey
BRRRR or flip? I cant decide!
I've got a house under contract and I can't decide whether to flip, or refi and hold as a rental.Purchase price - $95kReno - $45000(estimated guess, meeting with my contractor tomorrow)Loan costs - $15kARV - $215kIf I...
Julie I.
Low rent from the privious owner. How much should I raise the $$?
Hi! I purchased my first rental property this March, and there is an existing tenant. He has been living there for about five years, and currently, his 2-year lease is about to end in September. Since the previous own...
Carrie Zhang
Insurance Premiums and Weather Events Impacting Occupancy
I'm interested in buying STR properties in the Carolina coasts, including Myrtle Beach and the Outer Banks. I'm curious for those of you who currently own investment properties in those areas: Are you worried about in...
Greg P.
Questions on Level of Rehab on Lower End House
Hello, I am currently rehabbing a couple lower end houses where the ARV is $135k and $175k. There are a lot of iffy items like the siding that could be replaced, but "might" pass with it being painted. Most of the s...
Stephen Hundley
Supply appliances but not service them?
We have middle class to upper class rentals ranging from $1,000-$1,400/m. We find our houses rent faster when refrigerators, washers and dryer are supplied but that also means we've had to fix them when they break. Do...