Jack Young
New Canadian mortgage lending requirements.
I thought I might see a little more about the new Canadian mortgage rules and how it's effecting investors, I would imagine this is more an effect on the smaller investors but I also wanted to know how they were findi...
Michael Spence
The process of a HELOC
Hey BP,I'm truly trying to get a firm grasp on how a HELOC works. My wife and I are currently considering taking one out on the property we live in to purchase our first rental property. The problem is I'm still unsur...
Azeez K.
Your thoughts on Re-financing Multi-family from 15 year fixed to 5 year Balloon
Greetings BP Friends!
Hope you all enjoyed the long weekend.
Here is the situation:
I currently have a 15 year fixed mortgage on a MF @ 6.75% (Long-term hold)
Was considering re-financing and f...
Jess Jones
Advice for refinance options
Hey all. I'm new to real estate investing and am looking to purchase my first BRRRR in the next couple months. I'm pre-approved through a local bank that has a line of credit designed specifically for these type of in...
Roy N.
Federal Government sticks thumb in real estate pie
The Finance Minister announced steps to curb the influx of foreign capital into the Canadian Real Estate Market (in which he really meant TO and Vancouver ... down east we are not really suffering from the influx of ...
Luke Doyle
BRRRING in BC - Purchasing with Cash vs. 1 year fixed mortgage?
I am currently listening to the BRRRR book by David Greene. I have listened to the advantages of buying a property with cash. In British Columbia though to buy a single family home in a market with a decent vacancy ra...
Prasad J.
7/1 Arm Vs 30 year fixed
Compared to 30 year fixed we save around 0.625% in interest and additional principal pay down in 7/1 arm for 7 years. I intend to keep my primary home for lots of years (20+). The savings alone comes to about 19000 $...
Alden Roseman
Equity Loan on Investment Property
I have several SFR properties in Johnson County Kansas (Suburban Kansas City). These properties are financed on 30 year fixed rate mortgages with rates that are below what I can get today with refinancing. I would l...
Christopher Brown
HELOC - Choose lower short term or long term rate
I'll start off by saying I'm a newbie. I love BP!My wife and I are looking to fund our first deal. We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab f...
N/A N/A
Timing the housing market
Does anyone believe that you can really time the housing market? We know it is close to impossible to time the stock market. Are there any completly accurate indicators to show if the market will turn downward or up...