Sayli Mulay
HELOC is affecting Refinance rate
I want to refinance my primary residence for lower interest rate but I have HELOC on it. Currently it’s all paid down. But in order to get the best refi rate I will have to close that heloc… due to subordination. My q...
Jason Dillard
Banks Are For Your Perfect Keepers
It took me years and years for me to get it. I mean banks are happy to lend on real estate. Why not just use em? However, after tons of deals, it finally sunk in. Unless I plan to keep a property forever, just don...
Cory Brown
Mortgage Renewal - What are my options
Hi there... Newbie (to the BP forums) Canadian investor here. Hoping to get your input on my upcoming mortgage renewal. Below is a summary of my situation.
- I am coming up on the 5-year renewal of a 25-year mortgag...
Baishakhi Taylor
Down payment on a rental property
Hello! We are looking at a two unit rental. Our lender is saying that for investment property we have to put 30% as down payment. Is it better to put a higher down payment and have more cash flow or save on downpaymen...
Florent Breton
Multifamily Creative Deal in San Francisco
Hi BPers 👋I'm calling creative minds here to bounce ideas around a house hacking opportunity.The building: San Francisco based 3 unit building. I'm renting out one unit and the owner does not live on site.The opportu...
Tyler Gilbert
Analysis of loan types for MF properties
Hi all. I have been doing some research into MF properties and have had some extremely informative conversations with some lenders and agents (Thank you Rick, Jonathan, and Jake). I’m interested in learning more about...
Michael Waite
How do I protect my interest in a property purchased at auction
A friend purchased a condo in Miami that was offered at auction for $20,000, the amount owed to the condo association in past due fees. He tells me that the lender still has a lien on the unit. He assumed that the ban...
BRIAN KATZ
What's Wrong with 20-30% 1st yr. ROI with Negative Cash Flow?
Hello Y'all, I'm hoping someone can help me understand why the experts repeatedly say cash flow is more important than metrics like Total Return and ROI? And why I should pass on SFHs with strong Total Return and ROI...
Peter W.
Wall Street Thinks U.S. Homes are Overpriced
The wall street journal published a piece suggesting home prices are overprice and will likely fall. They highlight the difference between the average home cost and the average home value suggested by the price of la...
Jeremy Mahan
Need Advice! Refinance Current Rental or Purchase a New One?
I currently have a rental property that I used to live in while attending college. My interest rate is 7%. I would like to purchase another rental property, however, I'm not sure if I would be better off refinancing...