Is it unusual to resign a new Note, Deed and Adjustable Rate Rider after a loan has already closed? I'm always weary of resigning documents after they already have been finalized. The reason is the loan docs showed it...
Hi folks!There is a property available in my town that is 3-4plex's. It's listed for $600,000 and could bring in $84,000 in gross income. After our best estimation with the info we have available we believe it could c...
Hello Everyone,
Currently I am in process of buying my first Invesment property ( a Condo, 1 br, 2 baths for $148000, HOA is $170 pm) which is located at a very good location. My goal is hold the property for a long ...
Hey BP community.Here's my situation, 2 years ago I got a HELOC on my home to fund my 1st rental property. All went good, I got the property and it's been cash flowing since. The problem I'm facing is that the HELOC a...
My bank is offering me a "special mortgage product" because I am an attorney. It is a small local bank in Memphis, TN and it has a good reputation. They have offered me 100% financing up to $250k on a 5/1 ARM at 3.55%...
Hi Folks,
Fixed Rate Mortgages in California
Fifteen-year mortgage rates averaged to 6.13%
Thirty -year mortgage rates averaged to 6.43%
Adjustable Rate Mortgages in California
Adjustable rate mortgages averag...
Hello All,
I’m posting here to get another perspective on a current rental property in Fairfax, Va. I am a somewhat new investor. Pre covid, rents did 3k monthly essentially 1k per bedroom for college students at Geo...
All,I know this is a difficult question and depends on each investor's needs, but I'm looking for general guidelines for comparing REIT investments to actual real estate.If I can get a nominal 7.7 ROR investing in a b...
In a 5/1 ARM loan can the bank agree to a higher fixed interest rate for a 30 years mortgage when the 5/1 ARM loan is setup or do you have to wait after 5th year and then you will need to refinance into 30 year fixed ...