Michael Dunn
5/1 ARM or a 30 year fixed..........
I am trying to weigh my options on if I should go with a 5/1 ARM or a 30 year fixed mortgage. I was leaning towards the 5/1 , because
1. I could get a cheaper interest rate initially
2. I don't plan ...
Keegan Darby
Hold cash or refinance?
Hi All,
Wanted to get your thoughts on if we should hold a house cash or do a cash out refinance? The details: "All in" after rehab at $145,000
Tenant in place at $1,550/month We can do a cash out refinance into a...
Ryan Bergren
Origination fee and processing fee
I am new to really being able to analyzing different loan products and finding the best lender but this lender was recommended from other investors and property managers. I am under contract on a 3 flat and the loan w...
James Suleski
Cash Reserves(PITI/Cap ex)
Greetings All, I am a newbie investor and am currently living in the first property I plan to rent upon moving out. With this unit and future investment properties, one of the questions on the forefront of my mind ...
Stacey D.
Suggestion For Partnership Breakdown
I’m wondering what a profit breakdown should be for 3 business partners. One member is doing a majority of the work due to having free time and their location. They will be going to the properties reaching out to cont...
Chad McGibbon
Advice on maximizing equity in investment properties
Scenario:Client owns 4 rental properties. 2 SFH and 2 duplexes. One of the duplexes is actually a lease option with a 30 year note. Total owed on all properties is around 350k or 300k without the lease option duplex. ...
Anil Samuel
Florida Tenant abandoned property/Moved out early/Lease
I have a tenant that was always paying on time for nearly the past two years. Last month they told me they were considering another place which was more appropriate for their family. I said as long as you pay March'...
Gerard Leeson
Advise on Chicago 3 Flat needing major renovation
Looking for advise. I have recently been tasked with getting a 100 year old brick three flat in Rogers Park Chicago rent ready. The building is fully paid off, and the owners, my parents, are retired and on a fixed ...
Dominic Richardson
What do Money Partners look for in a deal?
If you are a PML or Money Partner, what do you look for when someone brings you a "deal"? Is it Cash Flow, Cap Rate, COC, all three or something else? If it's cash flow, what is the target amount? If its COC return, ...
Cody Blackburn
11k enough to start?
I'm senior in high school and have a little over $11,00 in my bank account. Id love to get into the real estate business as young as I can! Any suggestions on how I could start? Thanks