Hi guys,My wife and I just recently closed on a 1st rental investment property under our newly formed LLC (1st one). We used our primary's HELOC to fund most of it. (all cash deal)We're looking to purchase another ren...
Hi,So, I have a house that I paid $45,000 cash for. Now its value is estimated at $98k-100k. I'm interested in using as a collateral it to buy a duplex, rent out this home and house hack the duplex for a year and refi...
What happened to the 25 year or 30 year fixed rates?I don’t know that I want the financial risk of rates to go up in 5 years and it kills the cash flow and we are out in a panic sell situation or just operating at 0 c...
I'm in the process of getting a mortgage for a two family that I will live in. The credit union I will be getting the loan from as a 30yr fix at 4% with PMI. They are also offering a variable 3.25% for a 5 year cap ...
Wanted to put this to the forum for some direction and suggestions. As of now, I have only been dealing with Single Family properties.
Currently looking at a deal with 22 units 18 apartments at $2,975,000. Currently...
When doing a subject to deal, what does investor look for in terms of equity spread, or as long as the rental income to monthly payment spread is big enough? I have a subject to deal in the making, but the wholesaler ...
Dear allI am close to secure my first property (Canada) and currently discussing the mortgage details my banker. He strongly reccomends (for logical reasons) a mortgage insurance.1) What's your take about about it ?...
So I discussed getting a loan on a commercial property (8 units) and he gave me a "soft" approval with values as 30yr fixed and around 4% interest. I spoke w/ him again today and he said it would not be that. I guess ...
Hi all,So, my situation is as follows. I currently own 1 condo, and recently purchased a duplex. Both properties are in Cleveland, Ohio. My condo is paid off in-full. It currently appraises for $63,000. I put 25% down...
Hey all, Feeling a little stuck and need some creative ideas. We have been chillin with one STR and recently decided to pump up our rental business. We have a duplex under contract for a cash sale. However it is using...