Michael Clay
Interest on a downpayment
I'm purchasing a 4-unit property with my brother and sister. The property is 345k and I'm the one putting down the 25% downpayment of $86,250. We/I'm wondering if I should get interest on my downpayment when we sell t...
Shane R Smith
Security deposit interest owed?!
Calling all Ohio landlords @ben, or someone that read legal jargon better!I have a tenant that's claiming the we owe interest on the security deposit. It's referenced in the Ohio code.5321.16 Procedures for security d...
Simon Williams
Interested in Chattanooga market
G'day this is my first post. I am a new investor looking to restart my multifamily investment career in the Chattanooga market. I am flying in for 2 days in late Feb to see the area and network. I have been studying ...
Account Closed
Feds raising interest rates
there is talk about the feds raising the interest rates and the stock market has been reacting to it.how does this effect the real estate investor market? good? bad?
Justen Ashcraft
interesting first potential property
I am interested in purchasing a condo as my first buy and hold property. I am sure I can get the financing and will have minimal trouble in the future if the property becomes vacant. The interesting thing is that th...
Lindsay Wilcox
Insurance Conflict of Interest
I got a quote for my homeowner's insurance on a triplex from a friend who works for a major insurance company. As I was telling him about the property, he asked if I needed a tenant too.
Are there legal problems with...
Ralph R.
Land contract interest rate?
How much should I charge for interest rate on a land contract?I am selling a property for $55k with $5k down. I am thinking for 8% interest.I do not make mortgage payments but my partner does hold a $25k mortgage tha...
James H.
Mortgage interest rate changes
Well, its taken about 4 to 5 years for interest rates to drop about 3 percent, so roughly .75 percent per year. How fast do you thinnk they will rise? How fast can they rise? I am not well versed on what happened in t...
Account Closed
Interesting response to marketing
This past year I've reached several missing-in-action sellers via Facebook. I pay the $1 to make sure the message goes into their main message box. 50% don't reply. The other 50% write back. A few have called. Bu...
Mark Kvam
Seller Financing interest rate
I am looking to buy properties with seller financing. Is there a premium above market rate that is typical for seller financing? Is it unusual to get extended terms (20-30yr?).