Dave Jenkins
Help analyzing re-fi deal.
Hi fellow investors. I'll try to keep my post short and sweet. My wife and I own 2 properties separately: 1.) 4-plex she bought 13 years ago that is very positive cash flowing. And 2.) A large single family home I ...
Erik Sherburne
Investment property mortgage rates up - Fannie Mae changes
Anyone else see this?http://www.mortgagenewsdaily.com/channels/community/969950.aspxIt was sent to me by my broker.Short version, Fannie Mae is reducing their 2nd home/rental property portfolio to 7% of the overall lo...
Evan Barney
How is Fair Market Value determined with a Home Equity Loan?
Hi
I am a little confused on how a home equity loan works. Based on my understanding, the loan amount you can receive is based on the amount of equity present in a property. This is found by subtracting the remaining...
Jim Cummings
Texas Job Growth Numbers
Texas Economy Grows For 23rd Consecutive MonthAUSTIN (Texas Workforce Commission) – The Texas economy added 34,700 seasonally adjusted nonfarm jobs in May, marking 23 consecutive months of employment growth, reports t...
Nick M.
Are these fair commercial terms?
Hi All,I've received a commercial term sheet for my first commercial property ($390K loan on $520K purchase):10 year maturity, 25 year amortization. During the first five years fixed at 4.75 and then after first fiv...
Andy N.
How long are you financing properties?
I am currently using a small local bank for financing my rentals. I am able to get 5% fixed for 10 years with an am of up to 30 years. I currently have them financed for 10 years. I don't have much cash flow each m...
Lauren Lewan
VA appraisal disputes
Hello! I am a realtor in Michigan and my fiancée and I flip homes and have multiple rental properties so he is a big fan of bigger pockets and suggested I take our most recent issue on here for advice! We accepted a V...
Max D.
Depreciation "Basis" on 1031 Exchanges
Hi All,This is a question for the CPAs and tax experts out there. How does one figure out the basis ("depreciable value") on a multifamily 1031 exchange if the investor has run out of depreciation on their current ass...
Zac Newell
Depreciation of Primary Residence converted to a Rental
I bought a house in 2009 for 170k as my primary residence. In 2015 I converted that house to a rental. When it was converted to a rental the property was worth ~250k.For depreciation can I use the 250k value when th...
Casey Walker
Fixed for 5 years than ARM
Refinancing a commercial property and the bank is saying because it is zoned commercial and has a large garage in addition to the duplex that I have to use a commercial loan. 5 years fixed at 4% then adjustable to t...