Shopping around for fix rate cash out refinance by profolio lending. I don't know why couple local bank only do adjustble rate for profolio lending in florida
Hi! I just opened escrow on a duplex in Los Angeles (zip code 90037), for $610,000, I am freaking out! I've used the rental calculator, read "How to Buy a Duplex" guide and many other posts but am having some serious,...
I am a dev/builder. I have a commercial flex I just finished. It’s 100% leased up and my tenants move in in a few weeks after I can secure the U&O. It’s a nnn lease with 5 year terms. Currently will be bringing in...
Lets say we have a 6 unit property built in the late 80s with these specs:
2 bedrooms, 1.5 baths, single car garage, laundry hookups
$4500 total rent per month ($750ea, all utilities paid by tenants)-$800 taxes-$200...
Newbie investor, and my situation is likely atypical, this being about VA mortgages.
I bought a duplex several years ago (0 down at 3.75%; house-hacked) and refinanced at the started of Covid before I finished the r...
Hello All, I would really appreciate your thoughts on my situation now.I have two rental properties. One of which, I am seriously considering Cash out refinancing at a bit of a higher rate (4.125% 30yr) then a regula...
Hi, I want to start investing in Multi-families such as two and four families to start. Is there a formula to base my offer on so I know not to pay too much? I just looking a a general idea if I know the rents and a...
Hello All,I am looking for any input you're willing to give regarding this deal. ** Seller is asking 2.5M for 66 units, as-is of course. He says he is selling because he has an opportunity elsewhere right now. I've ...
Hi all,How do you 'ballpark' evaluate your insurance costs on multifamily to determine if you are getting a decent market price? Is it simply looking at the ratio of insured value-to-annual premium? Is there any sq ft...
Starting today- Fannie Mae has updated their down payment requirements for 2-4 Unit properties when you live in one unit. To buy a multi units property- the down payment requirements use to be:
2 Units:
15% Down
3-...