Salley Smith
Good Deal on Lender Credit?
I am buying an REO HUD home for 210,000 with 10,000 (5% down) on a conventional renovation loan. My lender told me I would receive a lender credit of $1,250 at 4.375% vs. no lender credit at 4.25%. I went with the len...
Brett Wagner
1st deal - 6 unit apartment building...HELP
So I've made a few offers on single family and small multifamily and as I was looking at another, the owner pulls up to the house and we got to talking. He had 2 other properties and since I was looking at this one a...
William C.
Help Me Analyze My Situation (Hold/Rent or Sell)
I am hoping for some additional sets of eyes to analyze my options. Current situation... I own the home and live in it as my primary residence. I am strongly considering purchasing a new home to occupy as my primary r...
Anthony Wilson
Awkward floor plans
Hello everyone,I recently acquired a quadplex in the metro Detroit area which is my home town but I currently reside in the DC market. Since purchasing, I have placed two tenants in the building & inherited one te...
Elvis Nasi
Should ROE trigger a cash out refinance in this market for my specific scenario?
Hello BP,
Between two properties I purchased 5 years ago, there is around $200k in equity. My rates are adjustable commercial setting to change mid 2024 then 2029 full refinance. Currently they sit at 4.5% and 4%. Th...
Robert Chiang
Buying out a family member on a house we own
I own a house with my brother and I am thinking about buying his share so I own the house 100%. The house is free and clear. My brother and I get along, so we want to do this the most fair way possible. 1) How wou...
Tyler Hall
Pools, Valuable or avoid?
Hey everyone!Hope everyone is taking advantage of this quarantine time to better themselves in some way. This question goes out to my buy and hold folks mainly in Florida but anyone who has an opinion please give your...
Cheyten Johnson
Using equity to renovate/add bedroom to house.
Hello! This may end up being a long post. (Sorry for that...) But Thank you in advance for all your help. Anyways, I have been talking with my parents about doing some renovation to their house. They want to add onto...
Alexander Marsh
FHA-->House Hack-->Cash-out Refi?
I'm in the process of buying a house for 318k. Comps in the area tell me that this house is worth ~430k. It doesn't need any work and is coming at a great discount. I'm using an FHA loan with a nice rate of 3.75%, and...
Jay S.
5 year loan on apartment building, then rates skyrocket?
Say I buy an apartment building today with a 5 year note that amortizes over 30 years. I'm cash flow positive -- lets just say interest rate of 4% and a 7% cap on the building.
My real question is this - What if rate...