Jose Morales
are there cash out refinances for 100K duplexes.
I’m on the verge of closing my first rental property (90k) in Ohio. It needs some exterior repair and parts of the roof as well.Assuming it gets appraised minimum 100k after repairs.. will I be able to take out a cash...
Leslie Fisher
Shopping interest rates without banging my credit.
Should I simply call the banks to get a ball park on the rate and do my calculations with that estimated number or will I need to apply and get the rate available for investment properties at several banks? Won't the...
Xela Batchelder
Pay cash and Refi, or start with Mortgage?
I am trying to figure out if I should offer cash, and then refinance, or get a mortgage upfront. The properties I'm looking at are not BRRRs. (I am doing that with a BRRRR, and the advantages of cash than a refi is ...
Jeff B.
Wording of Late Payment Notice
What wording do you use on your Late Payment Notice? I have a family that has only been in the unit for 3 months and has been late by a day for 2 of those months. Lease contract states due on the 1st and late if pai...
William Wright
Who gets better pricing: you or contractor
I want to put together a booklet for future flips specifying exactly what I want in certain rooms, to really systematize things for contractors/installers. However, I tend to hesitate to call my own selections or prov...
Alex Nelson
Should i disclose rates of competing lenders when shopping around
Hi Guys,I just got under contract for my first duplex and am exploring my loan options. I've decided to go with a 15% down conventional loan. I'm shopping for rates and one lender has offered me a 4.5% interest loan. ...
Andrew Smith
Financing - Higher rate or buy down the rate?
I'm looking to finance my first deal and am wondering in general is it better to buy down the interest rate with discount points or to have the higher interest rate. What do most active investors tend to do? Are the...
Bradley Jernigan
A 50 unit Multi-family deal analysis
A 50 unit MF apartment is currently 90% occupied with rents averaging around 1000. If the cap rate of the area is around 6% and operating expenses are around 40% of the Total Gross Rental Income then what is a rough e...
Tamas Z.
Can a lease rider change terms if the lease gets transferred?
Hi all,I'm in the process of drafting a new lease for a tenant whose lease is up for renewal.This tenant is a bit of a special case: Basically, a personal friend with a really good rental deal.He is starting to look i...
Mike Aziz
Lender suggestions to complete the BRRRR strategy
Have a few properties which we purchased 2 to 3 months ago and now have completed the rehab. Seeking for a lender to help us complete the BRRRR process. All properties purchased at a large discount therefore leverage ...