Hi all,Doing research for my first deal (still).There doesn't seem to be a "method" to calculate returns on properties- at least not like traditional rentals (50% rule, 1% rule, etc.) They have the "back of the napkin...
Greetings,
Re: Refinancing Questions
Currently, I/we have a 30 Year Fixed Rate VA Backed-Mortgage at 5.5%.
Never Late.
1)...
What puts the third R in the BRRRR strategy for you?I am new to this, but it seems that it’s assumed everyone will use a cash-out refi to pull their money out each time.If you were to instead open a line of credit(HEL...
I'm going through the loan documents and noticed I'm paying for 3.376 discount points to get a rate of 5%. I have a FICO of 814, excellent credit history, and interest rates are low - why am I having to pay points to...
Hey everyone, first time poster, long time lurker here;I'm not sure is first home buying is really much real estate investment (but everyone has tostart somewhere) but i'm looking for some advice on the next path to t...
Hi there! A little background on us; hubs is a FF/Medic. I’m a SAHM. Net income last year was 119,000. Trying to get another income stream! We are in the process of HELOC on our primary residence, pulling out about 16...
Hi folks!I recently bought a property in Palm Springs that is meant for Short-Term Rental. The house is currently valued at ~$1.5M but we plan to spend ~$500k on renovation and expect it's value to go up to $2-2.5M af...
I'm having a battle inside my head:
• do I put a large deposit down on a house and pay high monthly rates to pay off in ~5 years
Or
• do I put a low deposit down and stretch the mortgage for cheaper monthly paymen...
Hi all! First time pursuing a rental property and looking for input from people more seasoned than I am! Our Denver home has appreciated $175-200k in value since we purchased it 4 years ago (for $410k), and we are loo...
Hi everyone, New to this site and REI, really excited to have found this resource. I’ve got a property that I rent out for $1600 a month. I’ve got 65k left on the mortgage and it’s currently appraised by Zillow for ab...