Javier Perez-Karam
High Crime rate area?
Hello BP Community!What are your thoughts on buying something in high crime areas?There are some places around Newsburgh NY (one of the most dangerous cities) that can be have for very little. I don't want to leave th...
Duke Vang
Income property interest rate
So I got out of class last night and my professor was telling me that, in order to do an income(investment) property, you will be charged with a higher interest rate compared to a property that you would finance for y...
Patrick Keely
Bank terms & rates
We're in the process of securing a loan for our first rent house in Texas. All the local banks are only offering 5 yr terms at 6% give or take. Is this normal? I thought I would be able to find 15-20 year at market ra...
Calvin Mclean
multi family intrest rates
I have a question about commercial lending rates.I spoke with lender that i have used on single family rentals and the rates quoted would only be for 5-7 years on a fixed at around 5.5%.Is this typical of commercial l...
Zack Ellard
Rates for a 580?
Does anyone know what rate a 580 credit score would get versus say a 620 or 720?
John Mattox
Basic Cap Rate Question
I understand the basic calculation of cap rate and COC. I am wondering if certain expenses should be factored into these calculations.Specifically If I plan to put aside cash reserves at the purchase of a property (6...
James Wright
Interest Rate Risk Mitigation
Hello BP, Most people agree that interest rates will rise in the near term. What are you doing as an investor to mitigate this risk? Most Investor loans have a balloon payment or adjust in 5 years. If interest rates...
Henry Clark
Self Storage- Rate Management
Made a rate management change going into Fall/Winter. We are in Iowa, around December through mid April, new rentals pretty well shut down due to the weather. One of our new locations is in a competitive market and ...
Brian Ciaccia
Advice on rental rates
Hello all! I am new to the group and real estate business.I have an opportunity to purchase a home from a friend of a friend, and am trying to analyze if it's a good deal. My biggest hang up right now is figuring out ...
Billy Daniel
Apartment Cap Rate Calculation
Hey BP! I'm looking at several multifamily properties and I'm unclear on performing a cap rate calculation. It seems there is some variance in what is considered an operating expense. Which of these would you class...