I heard there's a difference between cash out refinance to only refinance? Do seasoning time has to do with it?
Guys, need some help evaluating my potential first property!As of now, the owner has agreed to settle on a purchase price of 52K. Now, I am trying evaluate the best way to finance. I am talking to two separate banks a...
Hi All,
Newbie question for you all... I'm looking at a 6-unit right now and I believe there's a value add opportunity as the landlord currently pays about $8k annually in oil and electric. My plan would be to purcha...
I have a property under contract and was planning on signing the mortgage paperwork yesterday. I received the disclosures in the morning with a stated 30 year fixed 5.0% interest rate (0 points) for a $70,000 SFR inve...
The reason why this industry brings some of the best and brightest is that is so dynamic, no changes in the market are in a vacuum. Clients that are expecting rates to slip, a sentiment that I agree with, are missing...
I'm attempting to refinance a 2-unit rental property I've paid down over 15 years, but feeling discouraged. Currently there is 150k left on the mortgage at a high interest rate of 5.5% at a fixed 30, and I was hoping ...
While interest rates should be relatively low for a year at least, they will rise one day. How do you think that will affect real estate prices? In theory, as rates rise prices should be adjusted to offset the added e...
I heard that the new purchase price of the property causes taxes to go up a lot? Not sure if that’s true or if they can only raise the taxes so much per year?So if I’m looking at property in Florida on trulia, and it...
Cap Rate is basically determining your return if you paid all cash for the property. Correct?
My question is how do you determine Property Price, is this the final "sale price" or do you include repairs, clos...
How many lenders does one get interest rate and closing costs quotes from before deciding on which one is the best and which one to go with?