This is for an investment property and the interest rate will be 4.125%. I can pay a couple points less and get a 4.5% rate. Does it generally pay off from a cash flow perspective to pay down the rate?
Hi Commercial RE Investors,I have a question regarding home equity line of credit or HELOC.Here is the scenario:I went to a local bank asking for a line of credit on my 6-Unit. The lender would offer me an 80% LTV of ...
I have a few properties that are owned outright. Total value somewhere around $1mill-$1.25mill in equity. I am seeking to obtain a line of credit for these so I can tap into that dead equity. My local banks will only ...
Hello everyone, hoping for a bit of advise here. I've connected with a Seller who has a traditional 3/2 ranch style home that is structurally fine, but is in need of total interior renovation. Seller is willing to se...
I have an urgent decision that I could use help on... My wife and I bought an 11,000 ft² Warehouse space and have white boxed it. It appraises for $800,000 and as of today we have about $550,000 into it with renovatio...
Hi all
I've only recently begun reading BiggerPockets, but let me just say I am already heavily in debt to all of you for a ton of useful information, and can only hope to start repaying that in some small wa...
Hey there BP! Hope you are all having a great Q1! I have been doing my 90 days of intention journal and find myself definitely on task more often than without it, so that has been helping for sure. On to my question.....
I acquired my first property in Feb of 2023. It was purchased as a buy and hold with a 3.5% down FHA. My one year primary occupancy term is almost up and I am trying to determine what the next move should be. I've bee...
Good afternoon everyone,First post here, but I’ve been lurking for about a year soaking up as much knowledge as possible. Still, brand new to REI :) My name is N. I’m 30 years old. I’m a U.S. Army Veteran (19D Cavalry...
HI all. I have a 2 main questions. 1) I really need to get more information on mortgages. The different kinds of them available as an investor, who to speak to that can help me with this information? or any online res...