John Mireles
What Are My Options for Refi on Balloon?
I've got a mixed use commercial property that I bought in 2007 that I need to refi this coming March. The market's gone down since then and the banks are very conservative. The comps in my area are all terrible. It's ...
Hunter Hughes
Things to consider when starting a holding LLC
Here is the scenario:I am looking to buy an investment property in small town, Colorado. The property has 26 rentable units (14 trailers, 8 units in a single stick built structure, and 3 RV spot rentals) The asking pr...
Jamie K.
HELOC for a down payment on my first rental?
Hello BP community! I finally have an accepted offer on my first rental property!! My question is: Should I use a heloc for the 20k down payment? I have approximately 100k of equity in my current home that I could tap...
Aaron Edmondson
BUY???? high interest rates.
Im getting ready to rent out my house, I locked in a lower interest rate 3 years ago and this will be a good loan to hold.But looking at buying my next house to get ready for rental and Im concerned about locking in a...
John Anderson
Are folks still able to BRRR with current interest rates?
Hi all,
With interest rates going through the roof are folks still able to refi smaller non-owner occupied properties? Would love to hear from folks who are just starting on projects now.
Thanks!
Derek Kopp
Reasons for FRM Vs ARM
I’ve read different books that tell me that an FRM is better or an ARM is better. As someone looking to receive their agents license in what cases is one better than the other?
Mark Younger
Feds cuts interest rates for 3rd time..
The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes and weak global growth.The federal funds rate, which affects the cost of mortgages, c...
Ping W.
Should I take a potential tenant with credit score of 524?
Good Morning everyone,This potential tenant is a RN with a retired/disabled husband and her adult daughter, a single mom with Borderline Personality Disorder and her grandson. They have move than enough income to pay ...
Nina Ning
Water and electricity under my name and tenants not paying
I have a single family house with solar panel installed in California. So I have to be the one on the bill for the solar generated power. As far as water, tenants told me she signed up with the city to take over the w...
Bryan Field
Lease Option investing
Hi All,Does any one in the San Diego market have experience or advice about Lease Options? Finding a motivated seller and matching them with a short term lessee (tenant-buyer) to take over the property.I'm new to real...