Arijit De
Refi Cashout - Make Sense for this?
I am trying to do refi with cashout for 4 properties and thinking of using the cashout to payoff the fifth property. Looking for thoughts/advice from BP experienced folks. Am trying to gauge if it makes sense to proce...
James Kim
Private/Hard money lender rates
Hi BP,I'm curious (as I've never gone through with one myself yet) what I should generally expect with rates on private/hard money lenders? Is there a general mark up above market rates that is typical? or is it just ...
Petya Toncheva
DSCR 1st timer
Hello all, I am in the process of purchasing a 2 family home using a DSCR loan. This is my first time going non conventional. I am trying to figure out the numbers to see if it is profitable. Any advice from those who...
Elaine Gee
Refinance/cash out on adult community rental
Just closed on a cash out last Friday 4/29/16Looking to get advices from seasoned creative financing people if I got good deal in term of rate and closing costs. Here are the #'s. Thank you.Purchased rental 18 months ...
Michael Plante
Looking for first institutional mortgage 40 years of investing
Always paid cash or owner finance Decided to look into getting a loan on a SFR I want to purchase in AR Where would you goLocal Bank?National Bank?Lending Tree type of company?Mortgage broker?thank you!
Mary Ann Shlim
Rehab Fix-Flip loans
Hi I'm an experienced realestate fix and flip investor. I started looking into fix-flip loans to grow and take our business to the next level. I have good credit. Just shocked to see all these crazy fees associated wi...
Creig Griffin
Hard money loans what is the cost upfront
Are there any upfront cost associated with hard money loans? Are cash reserves required before you can get funded for a hard money loan?
Bernadette Andrews
Interest rate woes - Loan quote review requested
I'm doing a 1031 exchange and just went under contract for the purchase of two villas which are under construction in Kingsland, GA. They should rent for $2100-$2200 and just a few months ago I would've had pretty go...
Rosanna Tran
Pay 2% deposit to refinance mortgage
I have an offer for a 4.5% fixed for 10 years for 25 years mortgage for a commercial property to replace my 6% interest only owner financing & I can pull cash. Sounds like very good deal but I have to pay 1% appli...
James Blalock
Loan Costs vs Points
Does anyone have a good explanation about the difference between Loan Costs and Points? I started the loan process with Wells Fargo for a loan at 4.625 % for an investment property and recently I had someone state tha...