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Is there a difference in interest rates when a buying a house as a rental vs being owner occupied?
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Hi Folks,
Rates on 30-year mortgages jumped to the highest level in seven months, Freddie Mac reported in its nationwide survey. Thirty-year, fixed-rate mortgages rose to 6.37 percent from 6.21 percent last week. It ...
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Hey BP quick question,
When setting aside money for capital expenditures, how much would you vary based on age of certain expenditures? For example, a house that needs a roof in 10 years vs. 5 years and HVAC in 8 yea...
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Hi, folks. I'm doing some self-education about loans and lending, and am a bit confused about the effect of loan-level price adjustment (LLPA) on a mortgage rate.I understand what LLPA is, and there are plenty of pla...
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I have another question for the group. I want to know how the boot will be calculated for buying a replacement property that is less than the sold property. For instance, I bought a property 10 years ago for $155,00...
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Adapting is key in the world of short term rentals. What is your foolproof tip for adjusting strategies during high and low seasons?
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Hi everyone,There are a few posts on BP asking "How do I figure out the ARV?" and each time knowledgeable people answer, 'look at comps' or 'ask an appraiser'. Let's focus on comps. No two houses are the same, and thi...
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I don't know if this is the correct subforum to post this in, but I can re-post it if needed.To preface, this conversation, I am located in Houston. It's boom time right now in this city, and property values are on fi...
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I have a situation that I am in need of help. I want all opinions. Can you please tell me what your thoughts are on my situation? This is my deal and I am not working on it for a client. I'm in need of verbiage for a ...
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Hey guys so I'm here in a section of the book were J Scott is covering how to run comps and in one particular section he goes through adjusting your comps. He mentions how in his area an extra bedroom may be worth abo...