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Due to interest rates, refinancing is more expensive, so often times more (or most) of your own money needs to be left in the deal in order to make rental income make sense, which ultimately slows down your ability to...
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My husband, Gary, and I have invested in two properties. The second one is on the mls right now. Both times we used hard money which eats up so much of the profit. Where can we find private lenders with better terms?
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I have a condo in South Carolina that I got a mortgage in 2011 (ish) for $125K. It was sold to Wells Fargo and a 5% interest rate. (FHA loan). I called today and paid off $8K which took the PMI off the loan. I now ow...
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I’m just starting out in commercial real estate, so the banks (community banks) are giving me standard rates. (5% interest, 20 year amortization, 5 year balloon payment, with 20-50% down). With these rates I’m having ...
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Got a townhome in suburb area of Houston for long term rental close to katy mills (<5miles). It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200...
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My name is Mitchell and I am from Pittsburgh. I have been interested in investing in rental properties for a number of years, but never really knew how to get started. I REALLY want to get started SOON, but lack the...
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We purchased a SFR rental 1.5yrs ago with a partner that put up the capital for the Down Payment ($39K) we've managed the property and maintenance. Our partner has run into some unexpected issues and would like their ...
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I want to buy an investment property but I currently have two mortgages that I pay (for my primary and second homes). I have equities of about $500,000 from both. What possible financing options do I have? Any ideas o...
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Hi Bigger Pockets Community, I am brand new to real estate, and am in the process of buying my first, 3 family property in the Providence, RI area. I am a mechanical engineer, employed full time, with excellent credi...
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Hello,
This is my first time posting on this site. To give a bit of background, I'm a 28 year old NYC resident originally from Brooklyn and my family and I bought our very first home ever in Queens. I bought the home...