Jasper Li
Advice Need: ARM vs 30 Year
Just got my offer accepted on my first property, a duplex. Huge fixer and will be living in 1 unit and renting out the second.Currently trying to figure out which loan-program I would like to go with and the ARM sound...
Vic Reddy
Negotiating Lender Debt due to City demolition
HiWe need some advice on this strange situation. A friend owns a good cash flowing low income Multi family property in TX. This MFH property is 50+ years old and the City wants to enforce recent building codes on thi...
Alex Silang
How often can one realistically refinance?
What are the fees like?
Lets say you have 5k equity in the house you'd like to pull out. If it costs 2k to do it, it might not make sense.
Right now I am looking at how fast I can grow my business. Taki...
Adam Azam
Who is refinancing with current low rates?
I have several properties for 5+ years. Given today's super low interest rates, I am wondering if I should be refinancing or cashing out?
Kevin Koehler
BRRRR, House Hack, Foreclosure Trifecta
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Ithaca.
Purchase price: $230,000
Cash invested: $46,000
Purchased as a foreclosure. I remodeled the kitchen in two of the...
Robert Hamilton
Trying to pick best financing rout for 3rd rental
In this crazy time, I plan to pick up a 3rd SFH (under $180k probably) to make a long term rental here in St. Petersburg, FL.
I have $50k cash on hand that I can use for purchase, other $ for a small upgrade to make ...
Ankit Rathore
Points buydown vs principal reduction with seller's credit
Hi, I got around 19k seller's credit for a house of 775k. I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing...
Yaya Y.
Refinancing v. Commercial Line of Credit
What are the pros and cons to pulling out a line of credit on a building versus refinancing?
Wouldn't refinancing be more beneficial since you can individually pocket some of the funds tax free? I am aware that refin...
Eric Turner
Tax Implications for Seller; duplex sale subject to current loan
I have a client selling a duplex. He bought the property for about $100K 15 yrs ago and refinanced the deal, pulling cash out about 10 years ago for $325K. So his basis is very low.We have an offer on the property f...
William Amiteye
Quick do nothing flip
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Amsterdam.
Purchase price: $30,000
Cash invested: $30,000
This was a wholesale deal that we purchase cash and immediately ...