Moshe H.
Fair interest rate for owner finance
Hi everyone, I am trying to develop a bid on a commercial mixed use property that I would like owner financing on. I was playing around with the numbers but I'm wondering what the lowest interest rate is that I can of...
Kelvin He
Should I make prepayments to eliminate ROI?
Hello, I just bought a house w/ a mortgage of 30 yrs. + 4.5% interest rate, 3% down. The loan amount was for 235k.My P&I = 1,194 / moPMI = 86 / moIf I don't make prepayments, then I can get rid of PMI in 10 years....
Patrick H.
Mortgage, HELOC or HEL? For extra cash for investing.
For a property that does not have a mortgage, what is the best way to get cash out for investing purposes, whether it is for another property purchase or putting the money in the stock market.
A HELOC or HEL is pos...
Ricardo R Barrera
Need some guidance on my first multi-family
I need some insight before making a full commitment to this plan. I want 2 4plex’s that are being built. One will be done a year before the 2nd. Start with a Conventional owner occupied 20% down then do a VA loan for ...
James Tasso
Home loans under 50k-being creative…thoughts?
I know finding lenders to process small mortgages is almost impossible, but I was wondering if anyone has tried offering to pay additional points to the lender to make it worth their time.. if a lender could get 2k o...
Ira Boyd
searching for a loan
How much should one expect to pay in closing costs for a typical rental property loan right now. I am looking to borrow $225,000 with a conventional loan. I see these online sites with rates as low as 3.75% APR, bu...
Zach Gulbransen
Partnership Investment on a duplex using FHA
I’m currently looking to purchase a $220,00 duplex for 3.5% down with a partner. In year 1 I will be living there and renting out the 5 other bedrooms to friends of mine. After year 1 I plan on moving out and renting ...
Joey Vasquez
Type of financing for a rental property
completely new to this and would like to know if when you find a property that you'd like to finance. would you be financing the same as you would a regular home for yourself or is it a different type of loan because...
Shawn Trousdale
Do lenders require a fee to get into a conventional loan for investment property?
My wife and I are looking to get into an investment propoerty in Texas. We are using personal contacts to gain knowledge and get conected with professionals. We have been prequalified for a conventional mortgage at ...
Austin McDonald
Looking for help analyzing closing costs- first Investment property!
Hi, I am newly under contract for my first investment property, a duplex we plan to live in and rent out.
I just got the first estimation for my loan/closing costs, looking for any assistance on analyzing if these c...