Craig Desnoyers
PMI with a lower interest rate or no PMI and a higher rate
Hey everyone, This week I signed my first contrast for a duplex and went to two different lenders in my area for pre-approvals. My question is which loan is better in the long run. I am purchasing the property at 125k...
Cam Fabbri
Invest now at a lower cost or save for higher cost area later?
Hi everyone, I'm looking to buy my first investment property. I'm currently living in western MA (I'm from here), where a multifamily home can go for ~200-250k. However, I'm planning on moving to the Denver area withi...
Taye N.
Have equity in the house but can't refi the house for lower rate.
So currently my parents house is worth say, 525k and they owe about 260k. So the equity is about 265k. My dad makes about 45k he claims for his work.His current interest rate is 5.5 percent. He wants to refi to get a ...
Jon Dawes
Keep equity for lower mortgage payment on primary v. buy cash-flowing invesements?
I'm still green around the ears but am preparing for my first rental property purchase this year. Assume for the sake of this conversation that all of my other finances are in order. I have been trying to process two ...
Steve Babiak
Household Formation in a Recession - lower homeownership rates plus increased rental vacancy rates
There have been a number of threads started on BP that talk about the housing market collapse not leading to increased occupancy in rentals. Here is a link to a study on this topic that shows that homeownership is do...
Lauren Olson
Should a beginner buy local with lower cash flow or out of state?
I am a beginner looking to buy my first single family rental for cash flow, but my local area of western Oregon has higher prices and potentially lower cash flow. I am interested in out of state investing, but seems l...
Tim Ward
Should I wait to refinance to pull cash out or lower rate now?
I bought my first rental back in May 2018 and I am generally pretty happy about how it is tracking and matching to my analysis.
I really want to get onto buying my second and it is taking me longer than I hoped to ge...
Michael Harkins
Land of no taxes and high prices to high taxes and "lower" prices
Stonks Housing prices only go up right? /s Jokes and sarcasm aside,I'm MJ, from the Chicagoland originally (NW burbs). I lived in Seattle for a few years, but never pulled the trigger on any investments. I moved back ...
Jorge Rubio
Why try to sell high right now if appraisal will come in lower?
Why get excited about selling real estate at high price in this seller's market, if appraisals will come in lower than the agreed sales price? Anyone encountering this more often this past year than before? Seems lik...