Account Closed
Investment Near Noisy Train
Interested to get advice on what range of discount people have seen on properties that are adjacent to loud public transportation.
I'm looking at a brick 3-Flat in Chicago that is immediately next to the elevated tra...
Account Closed
Mortgage Note Question
Own a 1st mortgage note of $34,000, with payments of $283.34 a month at 10% interest only, paid 8 payments on time, $34,000 is due June 30, 2018, with 28 payments due, $7,933.52. If the note goes to maturity, the not...
Bhanu Kuna
Buying Discount Points
Hi Everyone,I'm in the process of executing my first BRRRR. I'm obtaining financing for the property and will then do a cash out refinance.Should I be buying Discount Points on the first loan? To keep overall costs do...
James McGovern
How do you identfy an agent that has successfully negotiated steep discounts on New..
How do you identify an agent that has successfully negotiated steep discounts on New Builds in the Orlando/Daytona Beach area?
Nick Shri
Do you negotiate HELOC interest rate?
I have been researching HELOCs and I have narrowed on few sources. Some offer 95% CLTV and some 80%. Some offer 1.99% for first 6 mos, then 2.99% with a floor of 2.99%, while some offer tad higher interest rates.
My...
Whitney Leighton
Mortgage Points on Owner-Occupied Multiplex
Hi all,The end of 2023 we purchased a 4-plex with $12224 in discount points on the mortgage. Three of the 1-BR units are rented out and the one 2-BR unit is our primary residence. It is my understanding that for a ren...
Chris Anderson
Selling 2nd position mortgage Portfolio
I would like to sell a second position mortgage portfolio I own. Any suggestions on the best way to value it.
We sold a portfolio of properties to a single buyer, all notes are performing. The notes are interest on...
David Lyons
What's a competitive investment loan
I was quoted 4.75% and 3 points on a $127,500 loan (25% down on $170k purchase) Trying to figure out if that's competitive or not.
My credit score is good-great, in the 680 - 720 range. I have no debt. I won't sa...
Dylan Wickersham
Rate buy down/payoff and $2000 refinance Credit
I'm getting a seller credit at closing for $8000. My Mortgage broker at Ruoff says I should use $4500 for closing costs and 3500 for rate buy down (3900 gets me to 6.25%). This saves me approximately $100 per month (3...
Colby Easterling
Real estate license in Alabama
Alright, so I am in the southern Alabama area, I want to get my real estate license. As of right now I was thinking online after work. I have looked into mckissock, it offers the 60 hour course but you have to pay for...