Brian Campbell
property tax quick question
are they based on the sale price of the house or the market value?
Jason Fike
Is a 3/1 ARM the right choice for me?
I'm looking to do a cash out refi on 3 sf units that I own free and clear. I've been offered a 3/1 ARM at 4.65% with one year adjustments at CMT + 3.75%. 15 year, 65 LTV, 1% fee. This is a new loan structure for me. A...
Cassidy Burns
Financing help
Hey BP,
I am talking to a portfolio lender to hep get my 2nd deal financed. Can you guys help me translate this info that he sent me??:
10% down
Interest Rate: 3.925%
Origination Fee: 0.25%
5/1 ARM
30 year amortiz...
Kyle A. Isaacs
Insurance Mediation Advice
Curious to see if anyone on here has gone through a mediation with an insurance company claim? We have a house that was damaged by a fire due to the neighbor's negligence. We're almost complete with the rebuild but ...
John Matthew Johnston
Pipes exploded in the middle of our current Reno
So we are in the middle of a reno on a 3-1 ranch. The house if heated with boiler system( That we just replaced 1 month ago) and baseboard hot water heat. We had the temp set on 65 and didnt have anyone over there wor...
Toby Khan
Insurance coverage for rental properties
Hey guys-received this info from a potential insurance agent (I have not looked at this deep level on insurance policies before), Any thoughts or opinions on what you nice people use when it comes to your rentals woul...
Ana Cherm
Capital Gain Tax reduction
Sold the condo earlier this year and facing couple K's in capital gain tax since it was a rental for last five years. While I guess I should be happy to face that problem but still would be nice to be able to reduce t...
Lan Bak
Carry forward losses and depreciation recapture tax - Rental
Can you offset depr. recapture with carry forward losses on sale of a Rental property for a Non Real estate professional ?Example (putting non depr. land value aside) :Purchase price - $100,000 Selling Price - $125,00...
Hemal Adani
Will paying off Fannie Mae loan decrease mortgage payment?
Hi All, I have mortgage from WellsFargo tell me that even if I pay additional payment to principal won't decrease the mortgage payment. is this true? They said minimum payment to be adjusted has to be $20,000 and they...
Ahmed Alswaiti
Mortgage Rate Fluctuations
Today, two key points in the market caught my attention.
Mild Decline in Mortgage Rates:
The national average for a 30-year, fixed-rate mortgage has seen a slight dip to 6.87%. This change, though small, could be th...