AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
Historically, residential US mortgage rates are near their long term averages. I remember in 2003 when rates were in the 5-6-7% range, albeit with more aggressive mortgage terms available to almost any and all borrowe...
Johann Jells
How much to lower the asking rent to generate more response?
I'm not getting much response at $1890. Departing tenant was paying $1770 and HUD said 2br here went up about $200 in 2 years so I went for it. Now the question is how low should I go to get interest. Does $100 make a...
Matthew Duke
Meth test came back positive - should we ask for lower price?
Hello everyone - We put in an offer on a duplex - it got accepted. We were very excited to move in - on the last day of our due diligence we performed a meth test and it came back positive. The seller is going to inde...
Enrique Vazquez
Best way to refinance when credit was lowered because of BRRRR.
Hello,
I've been so proud of my 801ish credit score for the last few years that I put it to work. I got a line of credit at a somewhat high 7% rate and paid "cash" for the SFH. The rehab took considerably longer than...
Isabeth Parga
Should I contact previous prospects if I lower my rent price?
Hi everyone!My business partners and I just purchased and renovated a property in Houston, TX and are excited to start our path towards passive income. We have had a lot of prospects contact us about the property (alm...
Christopher Malone
Making an offer that is 70% lower than the asking price
I am searching for my first rental property to purchase. While searching on redfin, i spotted a rent ready 2 flat that has 3 beds, 1 bath in each, listed at $169,900. The problem is that it has been on the market for ...
Derek Mizysak
Any glaring cons of a duplex 1 Upper/ 2 Lower BR?
Looking at a duplex priced about $30,000 under market but it’s a 2BR lower and 1BR upper in Milwaukee, WI. Not sure if I️ should shy away from smaller duplexes with only 1BR in one of the units. Is there a rule of thu...
Jason Howell
Paying points up front for a lower interest rate... bad idea?
I'm about to close on my fourth property and up until now, I have opted to pay whatever points were necessary upfront to lock in the lowest interest rate. It just made sense at the time: Go for the lowest interest rat...
Humberto Campos
Own 1 Single Family, how to lower monthly payments to lender?
Hi, I became the owner of my family's property, and got a loan as an investor, now I'm wondering how I can lower the monthly payment on the loan by a few hundred $ per month.Some tenants struggle to pay rent on time a...
Andy Kaye
How much does busy street noise lower an apt's rent/mo?
I'm trying to price the rents for my apartment building right now. It is on a busy street, but the lot is long and skinny so the units closer to the back of the lot are quiet while the front unit is very noisy. All my...