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Pros & Cons of purchasing multi-family buildings with more than 4 units.
My wife and I currently own a 4-unit rental property (4-plex) in Los Angeles and are now in the beginning stages of looking into purchasing a 2nd income property.
Our agent (who we trust very much) encourag...
Joe Aagaard
Reasonable closing costs?
I'm under contract for my first rental and shopping a loan. Particulars are conventional loan, 20% down, great credit. Rate offered was 4.625%The first quote was $3,300 in lender closing costs detail below.Processin...
Max Kimmel
Best Lender for Rental Properties
Hi,For my first rental property, I got a mortgage from Aimloan. I liked them because they were very transparent with their interest rates and fees, and had tons of loan options to choose from.However, due to the pande...
Jeff Brown, Jr
Help w/ Expenses and NOI
Hey everyone,Recently joined the community, but have been interested in Real Estate for awhile now. I was hoping to get some insight regarding expenses and NOI. I have read different things and some estimates vary g...
Sam K.
Negative interest rates , what if ?
This is a hypothetical question at this point, but could not find precedence or a loan calculator which could help me as most calculators out on the web presume a positive number for interest rates. However, the way t...
Steven Barr
Is this loan too expensive?
I just purchased an investment property for $91,250 with 20% down on a FNMA backed loan at 7.625% interest and was charged the following:3.909% loan origination: $2,854Appraisal management fee: $85Processing Fees: $80...
Ryan Brooks
Advice about discount points at closing
I’m being charged 2.85% for discount points at closing on a secondary/vacation home mortgage. Seems a bit high. Can someone please advise?
I live in the northeast but I’m purchasing in SC where taxes are considerably...
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large enough loan to buy multiple rental properties
Hi all... We have bought all of our rental propertes with conventional loans and now have a more difficult time getting loans due to the fact that we have so many mortgages in our name. The lender we use has pushed a...
Orlando Ortiz
Interest Rate on a 800 Credit Score
BP Family,I've been trying to get a quote on a refi for my personal property with a mortgage broker, but it seems the interest is high. What interest rate should I expect for an 800 score?Thank You in advance for you ...
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Does this sound right???
I am in the market to buy some rental property and had a credit check done to see what kind of interest I can get approved for.
Anyways, my agent who is also in the mortgage loan business found Wachovia bank to be my...