Lacey Burns
Need some advice on ARM loans
Hi there BP family,
I heard on a recent podcast episode from the guest (David seemed to concur) not to mess around with ARM loans. Can anybody offer insight into that? Whose had any experience at all with them and w...
Charles Ngansop
HAUNTED UNITS IN A MULTIFAMILY: KNOW BEFORE YOU BUY
Sam was very excited when he learned that the apartment he has been waiting for was finally ready for its new occupant. So, he signed the lease and, voila! Moved in. Few days after, he noticed, especially at night, so...
Wesley Myers
7yr ARM vs 30yr fixed in these times?
On the hunt for financing for our 2nd STR. Thoughts on 7yr ARM vs 30yr fixed with these high rates? I can save about .5% with the ARM and $4k in closing with one lender. If we plan on refinancing down the road why cho...
Enwan Casson
Cash out refi
Good afternoon,
I want to do a cash out refi for one of my rental properties. I have two loan options to select from (30 year fixed and a 10/1 arm). 30 year fixed has an interest rate of 7.875% with a 54321 payment ...
Stephen Moreno
looking for advice on VA Hybrid loans
I am looking at a VA hybrid. 3:1. Initial rate is 1.75% for 3 years. it can flex one time per year and never more than 1% a year and no more than 5% from the original rate at any point in time. Amortization is recalc...
William Powell
Looking to purchase something beachfront and hold as a STR/MTR
Looking to purchase something beachfront and hold as a STR/MTR. I have 1 MTR I just rehabbed bringing the value to 160k which is my needed DP for the STR on the beach. Banker is telling me investors are being pushed o...
Jon Q.
Lack of new housing nationally...
There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000http://www.politico.com/agenda/stor...
Matt Wells
Can't get a conventional 30 year loan. Should I get an ARM, DSCR, or other option?
I don't qualify for any more conventional loans so now I need to go the commercial route. Does anyone have any advice? Should I go for a 5-year ARM, or DSCR, or try to get a long-term ARM or DSCR loan? Are there any o...
William Hurd
Refinancing a Property and Operating as an LLC
My brother and I are just getting started out in real estate investing and are looking to follow the BRRRR strategy and looking to acquire our first property within the next 6 months. We are trying to be diligent on t...
John Levonius
First mortgage is ARM. How to calculate DTI for second mortgage?
Hello Forum!I am a long time lurker, first time poster! A quick intro first. I live in California and have been renting for a while. My main interest is to buy a handful of properties, live in one and rent a couple ou...