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Hello everyone,Thanks for taking the time to read this. I'm looking into a few different loan options. Is there a quick way to see averages for interest rates for investment properties? What would be a reasonable rate...
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So I discussed getting a loan on a commercial property (8 units) and he gave me a "soft" approval with values as 30yr fixed and around 4% interest. I spoke w/ him again today and he said it would not be that. I guess ...
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Just wondering if you landlords out there institute automatic annual rent-increases. I give myself the option in the lease, but do not typically. Good tenants are hard to find and I don't usually tock the boat. You?
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Has anyone creatively come up with a way to acquire an already leased out small multi-family to be able to structure it as an OO?As an example: duplex->fourplex with all units leased until the end of the year, but ...
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Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $2,875,000
Contributors:
Jonathan New
Syndication investment, Limited Partner
28 Unit por...
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Hi, let me introduce myself. My name is Steve, and I am in the middle of purchasing my first rental property - a Freddie Mac Homesteps foreclosure.
It is a duplex, with tenants currently living in the lower unit. ...
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I've been looking to buy a multifamily in a new area that should have good numbers. A lot of the properties I'm looking at are close to a college and have a strong rental history. I'm finding places that are 100k and ...
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I always hear people talk about refinancing a property, not for a lower rate, but to cash out their equity? Can someone explain how this works or give me an example? I don't understand how it works. I do understand re...
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I have a rental townhouse assessed at $114,000. Bank loan at $121,000. I'm $200 out of pocket each month to meet the mortgage and it needs a new roof. Wells Fargo owns the loan, but Bank of America services the...
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I recently talked with a person that has a number of SFR and they would like to sale them on owner carry contracts but was informed they can only have 5 contracts of this kind. Unfortunately they have five owner cont...