Hey BP family can anyone explain the meaning of a step down pre payment as well as yield maintenance and how an investor should look at and evaluate both when looking for a Fannie Mae loan or a recourse(bank) loan.
The current interest rate environment has made financing real estate a challenge. It now appears interest rates will remain higher for longer than most expected and decided to use this forum as an opportunity for memb...
I know this can be property by property but assuming all major mechanicals are in order and a B-C neighborhood....With interest rates being at the highest levels I can remember, if a property cash flows and brings a s...
Hey everyone,I find myself thinking a lot about strategy recently under current market dynamics, wanted to share with you and hear your thoughts.Quick intro: I've been investing in real estate for the past 4 years usi...
Reposting this here because I got no love in the Starting Out forum!By way of brief introduction - my name is Justin and I'm an out-of-state real estate investor, currently focusing on single-family and small multi-fa...
Hello Investors,I have a 3/2, 1196 sqft house in Texas that I am closely looking at as a rental property but wanted to see if there was any feedback/questions before making the leap.House was built in 1950s, originall...
I'm closing on my second deal in the coming weeks on a buy-and hold-single family house that I plan to house hack. I'm still waiting for my appraisal to come back which in large part will dictate how much money I'm pu...
Hi BP'ers,My partner and I are potentially buying a property that is being fully seller financed. 3% interest rate, 8% down, 900K purchase price, 5 year balloon. Numbers, cash flow, and upside work out well. What are...
Hi All- Patrick Himes with NRL Mortgage here……. A lot of questions still remain, hopefully we can answer a few of them.
Is now a good time to buy or refi?
I’m going to wait until prices come down.
Is this a hous...
Hey everyone,
My name is Mason and I am going to be moving from Fargo to Chandler AZ. The lender I have been talking to recommended that I could use first time homebuyer assistance if I need to. Does anyone recommend...