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Hi,
Today’s current rate for FHA 30 Year Fixed is 6.250% (APR 6.256%). Payment per $1000 (including the low monthly mortgage insurance) is $6.58.
The open mortgage insurance is 1.5% of the loan amount and is finan...
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Hello Everyone,I just recently landed my first owner-finance deal in Atlanta, GA. I need help drafting up a contract, and was wondering if someone, who has done owner-finance deals before, would be able to share with ...
Hi BP,New member here. Looking to learn about construction costs in San Bernardino area. Rough $$$ per square foot for construction and what the breakdown is between payment to GC and payment to subs.2-3 storiesPret...
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In Brandon's books/webinars, he talks a lot about how he made his first deal. The partner brought the 20% down payment, Brandon took out the mortgage & did the management. Cash flow, expenses, & future equity...
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I want to buy another Primary resident this year in 2020. Which Scenario would you pick if you had ~125k Cash? Potentially I would live in the primary resident for at least 3-5 years.
A) Buy $500k house, 15% dow...
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I am in a position where I have a silent investor (I am doing all of the work) who wants to get involved on the next deal and will be providing all of the capital needed for closing and the down payment. I am planning...
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Hi all! I'm trying to understand how a cash out refinance typically works.
Let's' say I've refurbished a property, its ARV is $100,000, and a bank will offer a 70% loan-to-value cash out refinance.
Would this mean I...
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Hi All, I am trying to figure out my options to purchase and finance my 1st SFH/ Rental Property. My hiccup seems to be my property in Georgia that is being rented out that has had a few "late" payments. Other than th...
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As the title suggests I am wondering if it is possible to get a FHA loan on an owner occupied motel. The motel is 5 units and there is a two bedroom trailer to rent in addition to the one bedroom house. I would be pu...
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Is a mortgage covered through your property taxes?