John Tomassacci
Which is better Refinance vs HELOC
I am currently searching for my next multi-family in the Clark Summit, Scranton or Great Bend PA area. I just finished a rehab in Great Bend PA and am trying to decide if I should ReFi or or get a HELOC on my latest ...
Daniel Lozowy
Interest Risk and Deal Analysis
What’s a conservative assumption for interest risk. If you count on re-fi in 1 year how much should you add to the current interest rates In your model?
Account Closed
Attention all LOT RENT Mobile Home Park Owners.....
How is your ownership of a lot rent park beneficial to you? Is your ownership absentee considering the fact that you do not own the mobile homes and therefore it requiring less attention? Is cash flow based on the amo...
Todd Smith
HELOC risk and downside
All I here about is how great HELOC is- How about the downsides: 1) variable rate 2) risk your home if used 3) tax deductible only if used on the same dwelling
Chase Caudill
Fair interest Rates ?
What interest rates seem to be fair right now? I keep getting quoted for 5.5 percent for multifamily properties. I know there are a lot of determining factors, but I feel its high. Everyone I follow says they are gett...
David Lamb
The FLAW with BRRRR -- The 3rd 'R' - Refinance
I'm sure there is a creative workaround but the trouble I am finding with BRRRR model is the Refinancing part!! More specifically, I can't seem to refinance due to my Debt to Income ratio due in large part to BRRRR!!...
Travis Bryant
Consolidating debt. Is a HELOC the way to go?
Hello BP! I'm a new Realtor in Salt Lake City and I'm curious if you can direct my thoughts or set me straight. 1 year goal of buying my first property, largest obstacle is $35,000 in unsecured debt between my wife an...
Chris Burke
Cash out refi rental?
I have a property that has increased a large amount and I am not sure if I should do a cash out refi as the majority of our money is in the property and the rate is super low. Property could appraise around 1.2 millio...
Ryan Thomson
Why prices are not falling and why they probably won't (Colorado Springs edition)
Here is an awesome article written by a local and well respected economist for the Colorado Springs Gazette. It's worth a read to understand why prices are not falling and why they probably won't.
Don't let interest ...
Corey Dutton
Pricing on Hard Money Loans Varies Widely Among U.S. States
Why do the interest rates charged on hard money loans vary so greatly from one State to another? Borrowers ask me this question all the time. For example, in California rates charged on hard money loans start as low a...