Rich Weese
Adjustable or fixed-rate?
I'm in the process of attempting to increase the amount of cash reserves I have for anticipated purchases in the near future. As many of you know, I am a buy and hold investor and do have properties that are free and ...
Heidi Omans
Which is a better deposit, 2 months rent or 2 months depost?
Seeking an experienced, licensed, motivated, detail oriented property manager in the St Louis, MO area to manage rental property.
Greg Larson
[Calc Review] How can I fund this triplex deal?
BP,I'm located in Knoxville TN and I've found this off-market triplex deal that I'm looking to takedown and self-manage. It needs approximately $50k in rehab. (see below report)I have $40k in my bank for reserves, s...
George Knetzger
Interest buy down and how to use in a deal.
Hello folks. My question has to do with interest buydown. Is there a minimum interest rate? I know other factors such as location, dp, prequel are used. For example. 8.125 % do wn to say 5%. Doable and how much? ...
Ori Skloot
Lender that will fund at LTV of Appraised Value
Hi Everyone,I am evaluating an opportunity to purchase some residential properties in Richmond CA as a bulk sale. 6 single family dwelling and 2 duplexes. I'm thinking that getting a loan on each property will be a ...
Dagart Allison
Should I refinance for a lower monthly payment?
Here is my current situation:30-yr fixed at 4.25%, current loan amount $166200, monthly payment $1115 (PMI included), condo purchased 9/15Refinance terms:30-yr fixed at 4.25%, loan amount $172793, monthly payment $100...
Michael Lettieri
How to ask for repair funds
What is the best way to ask for repair costs at closing? I basically want the seller to give back 1% towards repair costs at closing. I don’t want the money to go into escrow, I would just like 1% no strings attached....
Joey Bresette
ARM to Fixed Rate Mortgage
Hey Guys,
I'm currently getting my real estate license in California for when I go to school out there. I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM). In the explanati...
Angela Mast
5/1 ARM Refinance (and sell the property within 5 years)
Has anyone refinanced a 30 year fixed mortgage into a 5/1 ARM? I'm thinking about doing this to significantly lower my payments for the short term. With a 5/1 ARM, the rate is fixed for 5 years (60 payments) and then ...
Caleb Smith
Preferred Equity and Invested Capital
In the equity waterfall, I recently learned that the preferred return is distributed based on the amount of capital invested in the deal.Then, as the capital is paid back, the preferred return is adjusted to the amoun...