Existing home sales dropped in April for the third month in a row, slowing to a pace not seen since June 2020. A decline in demand was expected as interest rates climb and sky-high home prices continue to rise. Econom...
I am purchasing a home currently locked at 5.75% (30 year fixed). My mortgage broker is highly recommending I do not pay any points to get a better rate. I have another rate offer at 4.75% with points that would break...
Hello Investors, I've got a BRRRR opportunity in front of me that I could be getting into contract within a week from now. My main concerns are:1. Will it appraise at my projected ARV?2. What rate should I use to be c...
Hi BP community,
I am considering using a HELOC for a 50k down payment on a four-plex. The discounted off market price is 330k with the estimated fair market value at 390k. The mortgage broker has assured me some b...
I have heard many people say that inflation in our housing market will lead to higher interest rates which will ultimately lead to an affordability crisis and a significant drop in housing prices. I have not seen any...
Hello,I have been investing in real estate since 2012. I have been purchasing value add apartments for the purpose of capital (or asset) growth. My company buys apartments with management deficiencies and also in need...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $79,000
Another INF CoC return BRRR complete!
Purchased price: 79,000
Rehab Cost: 91,000
Appraised va...
Hey BP members,
I'm confused about a topic and I'm hoping someone could help me and possibly others understand. I have a couple questions:
1)
I know that when inflation increases it causes home prices to increase a...
In a time of rising interest rates what's the best strategy to access equity and buy the next property? I have a couple 2 family buildings that have appreciated quite a bit but have 4.25% 30 year loans. I dont think ...
Interesting data here on renters' wages vs. the cost of renting here in Texas.https://www.tsahc.org/blog/post/latest-out-of-reac...http://nlihc.org/oor/texas