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I’m looking to purchase my first property this year. I was leaning towards a cashout refi due to the locked in interest rate. But am now wondering if a HELOC would be the better option. How much ch does the interest r...
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Hey everyone, real estate investor from Alaska here. I’m interested in the buy and hold strategy, I own a couple rental properties here in state but I’ve been interested in Midwest due to low property costs. I’ve been...
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The rumor on the block is that Fannie Mae could be no more in the near future.
My question to all BP Members is: IF this happens, what would it mean to us investors and how would it affect our business, be it buy and...
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Hi everyone. My names is Andrea and looking to see what people are currently doing in regards to pulling your money out to move on to the next property. Just did a rehab I already on a property that has 2 homes in on...
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So when i first started i bought a duplex for $16,000 put $5,000 into repairs and went to a local bank that lent me a line of credit for 80% of the appraised value which was like $45,000 so i rolled that into my next ...
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I was reviewing my payment statement from the mortgage company and have always been confused at the interest rate etc.
Right now it shows: Payment-$1350.55, interest-$937.17, Escrow-$78.55
We have a interest rate of...
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If the seller dosnt want to sell at the price I am offering and the next choice is a sellers finance how exactly does that work?
Thanks!
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First, I have not done the full blown analysis on this offering because it was an offering that did not interest me overall- but I want to add the caveat that I have not run numbers and have not formed an opinion that...
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I am purchasing my 2nd rental property "buy and hold" with conventional financing 20% down. I have very good credit score probably around 800 (i think). Do you think 5.50% is a good interest rate or should I shop aro...
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Is it ok to assume interest rates will lower in the future, not immediate future but eventually, when analyzing a potential deals CoC return. As of right now, a particular deal I'm analyzing doesn't have the best CoC...