Any thoughts on if this is a "too good to be true" lending option, or if it's even a good deal? In particular, "The interest rate on the loan, which is 30-year fixed, will be between 6 and 8 percent, about twice th...
we have an tenant who is 36 she works two jobs and had medical expenses for an emergency room visit. She had always paid on time no issues but after the event she has fallen behind. She reached out last month to say s...
Hello BP Nation,
I have a rental in Austin area with about $130K equity in it that I can't get a Heloc on because Texas laws on non owner occupied properties. I get a decent $400 per month cash flow on it, but it's ...
I recently listened to a podcast where the host was saying that Birmingham was a great market, in his opinion, for buying rental property (turn key even) and putting section 8 tenants in them for 9-12% returns.Does an...
Hey guys,
I've spent a good part of the day looking for designs, researching products, and honestly I feel like I've achieved very little.
Yes, I've tried to search BP and couldn't find what I'm looking for.
I know...
I just got a quote from a conventional lender for 7.75% with a 2.5 point buy down.When I asked what would be the rate without a point buy down, they said: " There are no par (rates with no point cost) rates for invest...
I have so many properties and I am wondering how the sub prime lenders that are being hit so hard for making bogus loans will effect my investments.
I suppose its great if I want to carry the loan myself but I wonder ...
Hi all,
I am a first time home buyer and currently lender shopping. I already have a pre approval letter from one lender. Should I continue to shop around and get additional pre approvals, or should I start looking...
Good Afternoon BP,
I'm playing with the idea of doing a 203K Streamline Mortgage on a distressed property, inhabiting it for a little while, and then putting it on the market. I'm looking to do a majority of...
Hello everyone,
I have been trying to analyze properties for the last while (mostly single family, small multi family) from the MLS and happened to come across this large multi family development property. I live in ...