I'm closing on a buy and hold property mid January 2019. My current finance options are a 30 year fixed at 5.75% or a 5/1 ARM at 5.0%. I'm curious what you all think is a better option?
Details:
4 bedroom 1.5 bathroom...
Today I posted anarticle by Jack Miller on my blog that I thought many at BP would benefit from. You'll learn some ways to take creative real estate to the next level. Remember, every deal needs to have a purpose. ...
I put up a post on craigslist about buying houses, and mentioned lease options in it. I had a lady contact me shortly after this.
She said she has a house a couple hundred mils from my house which she owns. S...
A friend from my REIA was talking to me about how to make offers, and he (and other sources I've looked into) suggest making 2- or 3-part offers to increase the odds of my offers being accepted. As an example, he sugg...
We want to do Cash Out Refinance which the title would be in the name of a LLC, currently creating, and we are looking for all term options greater than 15 year. Has anyone worked with a lender that will do this? We h...
I have my dad’s house (he passed 2 years ago) and am wanting to rehab it & rent it. My vision is to keep it a while (it’s paid off) and use the cashflow to help with my kids college. A full interior rehab will b...
Good morning all,I currently have a triplex under a hard money loan because it did not meet the qualifications of a conventional mortgage and I needed to close quickly. I'm performing renovation on the property now, b...
http://www.legalwiz.com/lease-option-tips
I am looking into purchasing my first long-term, buy and hold rental property (my dad currently owns 3 units but this is the first I will be involved in). Just looking into some suggestions on the financing. I am co...
Hi BPers,Here's two situations...what are some optionsSituation A:I have a "lead" who has a 100k cash for an EMD to buy a 500|+k house now! Banks wont touch her, for the balance...she called the realtor and all he wan...