10% down 10% interest 5 year ballon amortization Can someone explain to me exactly how this works please. 5 years 10% interest - does it mean for 5 years you only pay interest?Thank you!
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I mov...
Investor community - I've been deal hunting for several months now so far have come up empty, several offers in on properties found on the MLS with no luck. I have an opportunity to buy a house from an acquaintance. ...
Hello BP,I had a question or I'm looking for advice on my HELOC.I currently own two short term rental condos at a Northeast ski resort. Everything is going really well for both condos. I'm getting great nightly rent...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $485,000
Cash invested: $146,226
Sale price: $720,000
This was a seller finance fix and flip deal. The sell...
I bought a fixer in Oct 2022 in leander TX and due to market conditions lm unable to sell it. I plan to make it a rental and would like to do a cash out refinance for $125k. What are the rates for interest only refi? ...
Planning to refinance my primary residence and get a HELOC. I've just been saving money to fund my first rental property but looks like my primary residence has gained some good amount of equity . Read some articles t...
I'm looking at a Sheriff's Auction for a property which was refinanced under the Home Affordable Modification Program (HAMP). The result of this refinance was two separate principal amounts, a 'current' principal amo...
What does an interest only loan mean? And is it the best ?
Hi all,I wanted to pick everyone's brains a bit on leverage and how much leverage is too much leverage. Currently I own 5 rental units. One property is fully paid off and the second I only owe about $4,000. I have abo...