Michael White
Seller Financing - Minimum terms?
Are there any typical minimum terms that those providing seller finance impose on the buyer? Surely as the whole point of selling financing is to obtain a long term steady income, it wouldn't be in the interest of the...
Nick Payton
Factoring in rehab costs into "Running the numbers"
Hi BP members!
I need some direction while running my numbers for a deal analysis. When it comes to running the numbers, I know all of the basics such as using the sales price and finding all expenses associated with...
Wesley Myers
Portfolio loans, any drawbacks?
I’m currently working with a lender on a Portfolio loan for my 2nd STR. Rate is great (considering market) with 15% down 30yr fixed on an investment property.
I’m not too familiar with these types of loans and it ap...
David J.
Would you take a 7 year ARM?
I have been trying to stick with 30 year fixed but I am starting to consider a 7 year ARM What do you guys/gals think?
Neel Iyer
ARM versus 30 year fixed
My goal is to get a conventional loan to buy and hold a single family rental to generate a positive cash flow. I am looking for a rule-of-thumb or general advice, not specific to my situation because there are so many...
Michael Doherty
Do ARM Scare ppl as it we go into a rising rate environment?
Hi all,Was recently offered a commercial mortgage with the following terms. Interest Rate: 5.75%Repayment Schedule: 20 yearsMaturity/Term: 5 yearsPrepayment penalty: 5,4,3,2,1Index Value FHLB plus a 2.5% margin. 20% d...
Jack Bobeck
Job Growth Jacksonville 2019
Great new article discussing Job Growth in the area. Jacksonville area unemployment rate falls to 3.2% But job growth in the region slows to 1%, lags the rest of Florida.Jacksonville’s unemployment rate edged lower in...
Garmeon Y.
Type 3 investment -- valuing a property with lack of comparables
What does a real estate investor do when there are no strong comparables within close proximity of a property? Would older sales be representative? Value based on standalone property criteria? Find a similar area/zip ...
Jake Tiffany
Help with HELOC decision
I'm planning on buying 3-4 houses this year and brrrring them. I have one rental property already and $50k cash. I should be able to get about $130-145k by taking a HELOC on my personal home and the rental, along with...
Rex Li
Mortgage broker / lender recommendations?
Hi all, looking to put together some financing for a potential house hack with a 2-flat property. Any recs for a lender? Did a preapproval process with Guaranteed Rate and they're quoting low 5's. Any chance for bette...