Scott Costello
Not progressing Like I would like
I've been actively wholesaling for the past 2 years and have only been able to close 3 deals (1 the first year and 2 this year). I get calls from my yellow letter marketing campaigns to out-of-state owners with respo...
Jim Butterfield
Refi Loan costs are through the roof
So what's the real reason refi on investment property is soooo outrageous? I'm doing a refi on my personal home, cost about $1200-$3k. Now I'm getting quotes on my 4plex and they want $11k-$14k loan costs.
Winfield E Aukamp
Section 8 Rent below FMR
Hi all,First time posting here and looking for some help. I'm looking at a deal for a 2 unit. One of the units is a Section 8 voucher apartment, but the rent is $675 vs the FMR rate for the area of over $1k.Are there ...
Sachin Bhat
Bank changed their terms after getting an appraisal
Hello bp family,
I have a duplex that is completely rehabbed and ready for rental, I wanted to take my equity out so I can purchase more rentals. So, I contacted one of the private bank and they gave me their terms. ...
Mica Moore
Rental property expenses increasing-- time to sell?
I own a single- family home in Corpus Christi, TX. The taxes & Insurance ( combined) have gone up $200 a month since the lease was signed. I don't think the market would bear a $200 increase in rent ( when lease g...
Weng L.
Cash-out Refinance - Policy Changed During COVID-19?
Today I am looking to do 30-year conventional cash-out refinance on my 6th property after rehab. My broker told me that they updated policy lately on rental property
-- 70% LTV (was 75%)
-- Can't do any loan if owne...
John Rubino
Will an increase in interest rates crush the real estate market and is this why we are seeing a boost right now in buying of properties
I just started my own real estate company a few months ago. I work primarily with developers and builders providing them capital from our investors. One thing that concerns me is the governments potential push to ra...
David L.
Given equal numbers, would HELOC vs Cash Out Refi be the same?
So, here's what I mean:For simplicity sake, lets say both a HELOC and Cash-Out Refi have the same rate and I'm ignoring any closing costs. If I paid the same amount of money in the same amount of time, would either o...
Chase Ginther
Question - Cash Out Refinance for Investment Property
We have some lending relationships who have advised us that things have changed in the last few months with the rate increases and they can no longer do 80% LTV for cash out refinance of an investment property. We are...
Erik Sherburne
Lender Loyalty to one or many?
Curious how much loyalty you have to a single lender. I've worked with a few and there are a couple I really like. I'm refinancing a property now and there are three that are giving me rates and closing costs. ...