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I have mortgage about 80k with 15 year term ( so far paid about 4 years of 15 year term of original loan amount 120k) with interest rate of 2.85 %. I also have credit card debt of 80k with interest rate around 20% as...
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Aloha BP,Finding a great deal and finding financing is a chicken and egg problem for me, and maybe some of you out there as well. If I have offers accepted with contingencies such as financing and inspection, what are...
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Does it makes sense to switch to a different bank for the interest the savings is yielding? The credit union I am with yields only a .30% APY. I have seen online banks that yield 1.5% APY. In terms of compounding and ...
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I was listening to a podcast a few weeks back, Casual Fridays REI, and they mentioned hearing about a lady who would buy a bunch of cheap/useless lots to increase her net worth and then use them as collateral for loan...
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Has anyone done a contract with a contractor that includes time penalties? Example, Bid says job will be done in 8 weeks, after 8 weeks the contractor starts losing $500 a week. looking for a way to keep contractors...
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Hello. EveryoneI am new to this forum and I am a newbie in this real estate investment.Firstly, I found this forum has been very helpful for someone like me. Also, I am aware of we have local investors in the markets,...
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i am new to land investing and have found a parcel of land that i am undecided on. The area is close within 2 miles of my home town Which i currently live. The area is a rural area in that is slowly but surely being...
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Hello all, just bought a rental property, total 200 k, paid 25% down, so now loan of 154,000 at 6.8% over 15 years. Total interest over 15 yrs is 93k. I am in a position where I can pay it off and save all the interes...
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Hello,My name is Bernard and I want to move more into real estate. I currently own a townhouse(primary) and a property with two 1920s beach cottages that are currently rented. I have owned the rentals for 2 years. Cur...
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I will keep this somewhat brief.5 months ago my wife and I bought a duplex to fix up and rent out. We got a contractors quote to redo the 1st unit bath and kitchen for 15k full gut, make really nice. We opted to save ...