Jim Bryson
Private lender offer requiring non - refundable fee
I have a offer from a private lender for a loan in the amount of 1.4 million. They are requiring a fee upfront for underwriting and initial due diligence in the amount of $2,750. Standard
Joshua Taffe
Am I getting taken advantage of refinance closing costs
I have 400,000 in equity in a deal... I am trying to do a cash out refinance for 160,000 the mortgage bank I am working with is giving me the 160,000 but out of that I am walking out with 75k... 40k towards debt... An...
Michael Sepe
Property Manager Fees
Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...
Danny Colacicco
Investment with 12% Cap rate but not the greatest apartments/tenants
So in seeking wholesale deals, I came across an investor looks to sell two apartments with 5 total units in a decent area of Baltimore (Greektown). All of the apartments are currently being rented, however, when vi...
Paolo Ruggieri
Portfolio lending - need referrals for perfect borrower
I have portfolio 20 rented single family homes to finance ($3m value, need 1.7m... 0.2 Refininace +1.5 cash out) that I own since 2-3 years.I am perfect borrower (high personal and business credit score, stable rents,...
Paris Capers
Cash out refinance options
Hello,We have a townhouse in San Diego. We refinanced in 2019 and currently owe 428,000 with an interest rate of 2.75.We want to leverage this property for cash so we can get cash for a new deal and would like to know...
Seth McGathey
Carrying HELOC on 0% credit card
I recently used a HELOC for a down payment and for some repairs. I will have to hold out for a bit to cash out refinance to make it worth it. So I will need to carry the HELOC balance for about a year. I was consideri...
Michelle Garcia
How are mortgage rates calculated?
I want to get a better understanding on how mortgage rates are calculated. I currently have two lenders trying to convince me to choose them as my lender with 5% down. One lender is telling me they can give me a 3.5% ...
Drew DeSousa
First Rental House, First Step In Financing
Happy Thanksgiving BP Forums!My wife and I have been researching into real estate investing the past year or so and are ready to pull the trigger and buy our first investment!We are looking at a buy and hold duplex or...
Priestley Leng
Understanding Construction Loan Terms
I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP.
Loan 1: Loan Amount: $525,000 - $75,000 funded at closing (less fees and reserve), then 6 draws of ...