My mortgage is $642.04.
Principal is $171.81.
Interest is $295.76.
Escrow is $174.47.
Interest rate is 3.5%
Does this interest cash amount each month seem crazy high? I thought I would...
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I'm considering doing a couple flips this year but I'm concerned about the data in the BP Fix and Flip tool. It doesn't appear to calculate or take into consideration the "down payment" for the acquisition! This see...
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Hello BP!Had a question. What rates are you all seeing nowadays for conventional 30 Yr Fixed loans for investment rentals (new purchases, not refinancing)? I was under the impression that rates were around 5% (or lowe...
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Hey Everyone, I'm new to investing. My partner and I have completed a few projects so far. Our biggest challenge is finding funding for Buy & Holds or Fix & Flips. We've worked with a hard money lender for a ...
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Hi everyone, first post since joining bigger pockets. My question is about bi weekly mortgages. We are in the process of getting pre-approved for our first STR and the lender is offering a 30 year fixed rate mortgage,...
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I have done some searching and could not find an answer, I apologize if I missed it somewhere.
I am considering a 30 year fixed loan to refinance my rental property at 5.25%
But I also was considering the 7 year ar...
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Has anyone tried or used the HomeStyle Renovation (HSR) mortgage (https://www.fanniemae.com/singlefamily/homestyle-renovation)? The loan says the amounts typically fund between 65% – 95% of a property’s purchase price...
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I just picked up my third property. First one I used conventional financing (hold as a rental). Second one was a flip that I used hard money for. This third one (another rental) I had enough money in the bank to b...
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I only have 40k to get started on my first brrrr. So, if I put down 20% on a 230k property, that's it. I've blown my wad in a down payment. How do I move on to the next property with no more capital to invest?
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Good morning All,
I hope all is well, I would like to share my issue with you all for some advise on how to tackle this problem. Last year around this time my dad was sick and I have to move overseas since he died to...