Account Closed
Should I put down an extra 5% in order to get a lower rate?
My lender provided me a rate of 6.375%. This is for a 20% downpayment. If I put down 25%, I can get the rate lowered to 5.75% (a decrease of 0.625%.This does raise my cash on cash return. Should I do the 20% or 25% do...
Brian D Gleason
Is a 20% down payment on my first owner occupied duplex worth it?
I am currently in the process of getting pre-approved for a loan, and looking to get into what many people are calling house hacking now. I have saved enough money to be able to comfortably put down 20% on a 200k hous...
Reggie Nworie
The Appraiser Undervalued My Property. What Can I Do About it?
Appraisal Risks – Part 1 of 2: The Appraiser Undervalued My Property. What Can I Do About it?
This is part 1 of a 2-part series on appraisal risks. In Part 1, we discuss what to do if an appraiser undervalues your p...
Walter Pape
Assignment / Compensation fee help!!!
I have a property under contract and the seller is selling it lower than what we signed for. They are asking what are my commissions and fees. Because I am not a licensed agent I cant accept commissions, correct? Do ...
Gregory Coppola
Refinance riddle - $200/month in savings not enough?
I'm currently house-hacking a triplex in Philadelphia. I want to refinance to a lower rate, and thus lower my monthly mortgage payments. The loan officer is telling me financially it doesn't make sense for me to refin...
Phillip Rosin
Can I get a DSCR loan on a property that is livable but needs rehab from flooding?
Purchase price 245K ARV 425K. Market rent 2500/month. Home passes 4pt but has a few feet of drywall removed in several rooms and the lower kitchen cabinets removed. There is a working sink and all appliances are worki...
Joshua B.
Lower mortgage/heloc lender
Hey folks 👋 - I'm curious if anyone has used the lender, Lower (https://www.lower.com/)?
I'm considering them for a HELOC to help fund my first deal. Wondering if you used them before and had a good experience.
Tha...
Account Closed
REO questions
I tried doing as much homework as possible before submitting an offer on an REO (through our realtor) which would normally be out of our price range.
Our starting offer was $86,000 below what they had it listed for....
Felicia West
Downpayment amounts - 20, 25 or 30%?
Hello,
As a beginning investor, what down payment amount would you suggest if doing a traditional mortgage? Of course, putting more down like 30 % would make it look like the property cash flows well, but is it wort...
Mitch Bernay
What would be a steal?
Hi everyone! I currently own rental houses and want to make the jump 20 unit building, four of which are commercial spaces. This is a what would you do question: The building is 100 years old and mostly made of 1 b...