I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 le...
Any books or online resources?
I'm going to preface this by saying I tend to think outside of the box unnecessarily. In this particular case, I have a property I'd like to get a HELOC on to then buy another property. I am wondering however if I sho...
Hi there, I have been under contract to purchase my first investment property for a few weeks now. Today, I just received my property tax estimate from my lender and it went from $1000 to $3400/year. I'd like opinions...
I have a few single family long term rental properties and am looking at purchasing a larger commercial property. My realtor advised what most investors do is pay cash for a property, then get a cash out refi after th...
Hi Everyone!I'm new to the community and located in Edmonton, AB. I am taking my first steps toward FI and am interested in real estate investing. Does anyone know a good financial adviser/planner that I can use in th...
We are in the process of screening a tenant which of course includes verifying rental history. We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the ...
I'm in the process of doing cash out refi's on 2 rental properties. One is with a portfolio lender, the other is with a Fannie Mae lender. I applied with both using only my W2 income which is sufficient to support...
I found a great property on HUDHomesUSA.org. Did this replace Fannie Mae Homepath? Does anyone have any experience with this site?
I write this as a career RE investor for 2 reasons: 1) Inexperienced investors might find a tidbit or two, and 2) that experienced investors might point me toward what is next for me.
I bought my first rental propert...