Antonio Bodley
Fastest way to make money immediately
When times are hard and you need money IMMEDIATELY like right at that very moment and you have no where and no one else to turn to get that money, where do you get money to get you out of a bad situation? Wholesali...
Clayton Bray
30 year or 7/1 Arm for a Refi?
Hey Good People! The lowest rate I can get is with a 7/1 Arm on a Refi. Being that this home is a business, is it best to go with the lowest APR? The difference is pretty big for the next 7 years... Chances are high t...
Shan Stratton
4 plex: Stick with 5/1 ARM or Refinance?
Hey all, I bought my first 4-plex about 4 years ago and I didn't know much. I ended up getting a 5/1 ARM :( It has been a great investment but am worried about interest rates skyrocketing in 5-10 years. I have tried t...
Dan Marr
Is a 7/1 ARM ever a good idea?
Hello,A local credit union offers a loan program for first time home buyers with 10% down, no PMI, and a 2.25% 7/1 ARM. I plan to hold on to this house as a rental after living in it for a year or two. The low interes...
Stacey Olson
our portfolio lender suggested a 3/1 ARM...thoughts?
My husband just got off the phone with our portfolio lender. He (the husband) texts me this: "they want us to do a 3/1 ARM w/ 20% down. And they will let us use rental income." The good thing about this is that we d...
Tyler Sicard
First Rental Property Purchase: 5/1 ARM or FRM
I have been offered an opportunity to buy one of 12 newly constructed condominiums. The condos are in the center of town and directly across the street from the local university (great school with 15k+ students). The ...
Jeff Lee
30 year or 5/1 ARM for my situation?
I own 1 rental and I'm looking to purchase another home. Now, I could buy a $50,000 home with 100% cash, but I want to get a mortgage so I can keep money as reserve, plus let the tenant pay the mortgage.Looking into t...
Jessica Frisk
7/1 ARM vs 15 year fixed on duplex
We have just entered into contact on an investment property duplex. We can get a 7/1 ARM at 5.35% with $12,000 in closing costs or 6% with $7,100 in closing costs. Alternatively, we can get a 15 year fixed at 5.25% wi...
Account Closed
15/1 ARM with 10% down plus a 10% HELOC
Hello BP,
I am in the process of hunting for creative financing for my first primary residence purchase. Please comment if the below scenario looks like a good combination. I want to buy a 2-4 unit multi next...
Sara Taslitt
Deciding between a fixed and a 10-1 arm mortgage
Hello-I am in the process of closing on my first property. The bank has offered me a 30 year fixed rate loan at 4.8% and a 10-1 arm loan at 4.0%. I am leaning more towards the 30 year loan because it feels less risky....