Monday I finally closed on rental number 8. I had signed the closing docs and everything two weeks ago, but the title company jumped the gun and the seller ( Fannie Mae) had not approved docs yet. They rescinded t...
Hi all, I'm looking to do my first investment property soon and while I was looking for a SFH or small multifamily, an off market 5-plex was presented to me that could be a good deal if I can figure out financing. Co...
I am looking for fixed rate mortgages under 6% fixed rate for 9 buildings totaling 17 units. I now have 5% / 20 yeaer/ 25% dp / 3 yeaer ARMs. I'd like to lock in, even if it means some closing costs. I keep hitting d...
Hello, I am a real estate investor and developer in northern Florida and I am currently looking to retain some of the properties that we build as rentals. I was wondering if there's any consensus within the bigger poc...
I'm working with a portfolio lender on two 5 Year 30 Amor. Arms with a fixed interest rate the first five years. I plan to have them paid off before 5 years. Down payment is 25% with an interest rate of 5.65. I've ...
I paid cash for a duplex in Pittsburgh, then applied for a mortgage under the delayed financing exception that I learned about here on BP. I am trying to figure out if it is even worth it to go through with the mortga...
I’m located in a competitive market and am wondering if this is a good deal. The current cashflow is poor as the other side is rented for $1200. Market value rent is $1500-$1700. What’s intriguing is that it’s an off ...
Hello,I am looking into commercial loans to get into multifamily buildings... I am sending out emails to local banks in areas I want to invest. These loans are a bit more tricky than conventional loans and one of the ...
Hello,
I was made aware that there is a product called a SOFR DSCR refi... it's an adjustable rate refi. Can anyone with experience w/ these types of loans comment on: pro, cons, experience and lender used.
thanks
Hey Guys,I'm currently getting my real estate license in California for when I go to school out there. I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM). In the explanation...