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hello BPI have saved those hard earned dollars and my wife and i are ready to get our first rental property. In performing my research and attempting to get my team lined up i have started calling banks to inquire abo...
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I've been in contact several times with the listing agent of a five-unit property that is being offered with seller financing. I am an investor (and not an agent) and--if further initial due diligence pans out--aim to...
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As I’m starting this journey I’m finding no lenders who want to go 30yrs on a single family home rental property. Am I going to the wrong sources because typically what I’m getting is 30yr ARM with a 5 year balloon/r...
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I am trying to weigh my options on if I should go with a 5/1 ARM or a 30 year fixed mortgage. I was leaning towards the 5/1 , because
1. I could get a cheaper interest rate initially
2. I don't plan ...
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I bought my first home as a primary residence as an easy fixer-upper. I have been house-hacking it the entire time I've owned the property as well. The Property value and loan paydown have resulted in 27k of equity bu...
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I understand this rule and why I must use it. BUT, is there any other criteria that should be consider? Do I ever go down to 1.75% or say (rent x 55) for example? OR is this the 2% the minimal I should ever use.
A...
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Does anyone have or does anyone even suggest a clause in a lease agreement that essentially states that stuff like "lights went out in closet ceiling fixture and I'm can't see and can you come fix it?" incur a $50 nui...
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Hi everyone, I'm in the beginning stages of looking for an owner-occupied multi in Eugene, Oregon. I'm in Medford currently but will be moving up to Eugene in June or July. My initial plan was to use an FHA loan to bu...
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I own one rental house. I owe 60k on it and it rents for 675/MO. My husband owns our primary residence. We owe 125k and it is valued at 170k. We applied for a 40K HELOC to finance our next rental under that house. My ...
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Vancouver $10,000 annual vacant house taxAny thoughts on this? They are saying that there is just basically no rental properties available, so if you're just holding property you're getting taxed $10,000 annually for ...