Lance H.
Lock or Float rate?
So I'm Refying my home. I have papers in hand to lock in todays rate. 4.25% paying 3/8 origination fee. With the elections tomorrow and the possibility of QE 2 being announced by the Fed on Wed, should I lock in my...
Bradley Babineaux
Lease Purchase? or LTR?
So I am working on a deal that the seller may be interested in doing seller financing. The purchase price is 55k. Thinking of a 7 year amortization.
I may have a buyer lined up to buy it right back from me. My questi...
Fred Cannon
Real partners verse banks as partners What is your choice?
Now that we have once again experienced an economic hardship ( 2 in just a matter of 12 short years). Do you think it's better to partner with a bank, via a mortgage, or partner with a couple of investors like yourse...
Patrizia Sanino
Fix and flip in north Miami
Investment Info:
Single-family residence fix & flip investment in Miami.
Purchase price: $113,000
Cash invested: $66,000
Sale price: $360,000
Total rehab in north Miami
With rehab costs profi...
Patrick Philip
Starting my first rehab tomorrow
I'm starting the rehab on my first rehab project tomorrow. I closed on the 15th.I will post pictures in a little bit, I just don't have them with me right now. I have handymen doing most of the work. I will be watchin...
Michael Madani
First Post - Ready to Buy!
Hello all!It's a pleasure to be a part of this group. As the title states, I am ready to buy my first rental property. I have 100k as my disposal and I am currently looking at single-family homes or multi-family homes...
J B
I need help with this deal!! What is the best way to close this one?
Hello, Can anyone help? I'm stuck!!! I have just finish a short sale and it is ready to close. But I'm not sure the best way to close on this deal. When I started this deal I thought that I would be assigning my cont...
Ramin M.
After I sell my home where should I store my money until I invest?
Hey y’all so my wife and I are starting our investing journey in the next few months. We are selling our home in sd august and relocating to boston. I currently I have a joint savings account with discover that’s 3.6...
Brad Roche
Using a No-Ratio Loan to buy a Primary Residence
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...
T.Yong Ling
5.75% Interest Rate ???
Please help me, new to this. My credit score around 800 ++ and got a 5.75% interest rate for 30 years fixed rate conventional loan. Is this sound good or bad? because i thought it going to be around 5%. Thank you all.