Adam Ward
Closing concessions w cash purchase?
I am under contract to purchase a house @ $77,500. This will be a cash purchase and my current lender is willing to immediately refinance up to 75% of the purchase price.
75% is their max LTV.
Their minimum loan...
Coronde Ware
Looking to buy a 5 unit apartment residence
I am looking to buy a 5 unit apartment building in Romulus, Michigan. Since it has 5 units I have to get a commercial loan to purchase the property. The seller is asking $260,000. The issue I am having now is that ...
Phillip Blacconiere
Refinancing Clarification for Brrrr
I haven't done my first BRRRR yet. I currently bought my first house and I've started house hacking by renting out the rooms. I'm planning on going into BRRRR investing however I want to clarify what The refinance loo...
Emily Smith
Mortgage Rates Remain Unchanged
Hi, :welcome:
There were no changes in the average 30-year FRM and the 5/1 ARM rates since last week, which continued at 6.27% and 6.03% respectively. The rates for the former are the lowest recorded so far in 2...
Josh Bloemendaal
Interest rate on fourplex 30 year fixed
Hi all, I’ve got a fourplex under contract in Montana and have started shopping for a lender. The first one in Bozeman (local) quoted me 5.6 which seems really high with 25% down and a 789 cred score right? My wife is...
Barry Cohen
Water main replacement in Rochester duplex
Question for fellow Rochester Ny investors. In process of selling one of my duplexes. The inspection revealed a pinhole leak, deterioration in water main. Buyer is requesting it be replaced. This requires a deal of di...
Noah Barba
Joint Mortgage Ownership
Hey BP Community,I and two of my close friends are looking to buy a duplex. We're looking for a 6 bd 2 ba where we can live in one half and rent the other half out, hoping that this will make our monthly payment very ...
Satya Patil
How to fund major repair work on rental properties
Hi All,I would love to hear you experiences on funding major repairs on your rental properties. Two ways that I know are- Cash out refinance, line of equity. Are these the best or is there something out there?I only o...
William Price
Section 8 tenant portion of the rent
Hi,I'm getting ready to rent a duplex to a Section 8 tenant and I have 2 prospective tenants. They both have vouchers and I wanted to ask them what portion of the rent they are responsible for. The rent is $1,800 an...
Daniel Adler
Finding Refinance Rates/Lenders for Investment Properties
I'm looking to refinance a condo in Chicago that is a rental unit, and I'm finding it difficult to find posted rates for refinances on investment properties as most of the info is for primary residences. Anyone have g...