Rick L.
The Tale of Two Appraisals 548k vs 450k
In August I attempted to refinance my mortgage on my fourplex and as a result had to get an appraisal performed. The appraiser came took measurements of the building, verified sq. footage, took pictures, and inspe...
Tony Marcelle
How am I supposed to get ARV.... if??
The comps are all over the place? Every property I search have inconsistent comps that are super high or really low. Most of the recent sold comps are in the millions. Some are in the high $100 thousand dollar price r...
Eric Burgh
Finding the correct IRS AFR rate
Hi All,Looking to close on a house and the family lender is willing to give us the lowest possible loan legally allowed, and so that the transaction doesn't fall under the category of being a gift, raise flags,etc. H...
Shawn McClelland
How would you invest $1M if you had to start from scratch?
Just curious to see what people would do if they had to start from scratch BUT were able to retain all the knowledge they currently have + given $1 million. (Current market conditions)
Shivi Thanapal
first time 5-plex financing
Hello,
We are under contracts for 500K 5-plex property in Louisville. This is our first time with above 4 -plex properties. I am looking for financing this deal through commercial mortgage lenders but with proper le...
John Lee
Will low tax income against your favor in refinance or mortgage?
So I have a good accountant that file my gross income tax down to 22k per year. Does it count against me when i try to refinance my property or mortgage? I current own two rental that are paid off.
William DeHaan
Rent Estimate Accuracy of Zillow vs Redfin vs Rent-O-Meter?
I’m having a difficult time trying to figure out the rent value of my 5 bedroom, 3350sf single-family dwelling in Oceanside California. Zillow says $5600 per month, Redfin says $5000 per month, Rent-O-Meter says $4100...
Sara Taslitt
Deciding between a fixed and a 10-1 arm mortgage
Hello-I am in the process of closing on my first property. The bank has offered me a 30 year fixed rate loan at 4.8% and a 10-1 arm loan at 4.0%. I am leaning more towards the 30 year loan because it feels less risky....
Huser Dee
10 yr arm vs. 30 year Mortgage
We are new to this and trying to see what would be our best options for our primary residence mortgage in Bay Area, CA$900,000 mortgage3.625% int - 10 yr arm - $7,000 closing costs4.00% int - 30 yr fixes - $7,000 clos...
Matt Thomas
Massachusetts Rehab Costs
Hello,
I recently purchased and read @jscott's book on estimating rehab costs. It was very informative and helpful, but as the book mentions, labor costs vary widely across the country so there is no way that every ...