Hi, I'm looking to refinance my Canton, OH (44714) BRRR property. Assumptions I provided to a mortgage broker is below. Below that was her response to a 30 yr fixed rate DSCR rates, plus origination and underwriting f...
I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. They have been actively managing a few small mulitfamily homes for many years and no longer desire to be acti...
A few weeks ago I started shopping around for a bank that would do a cash out refi with a low rate. After deciding to go with one of them, and rated were very low, I wanted to lock my rate in. First it took them a w...
My family is from Alaska & we're looking for a city in Florida that we can purchase a "legal" vacation rental that we can list on AirBnb and the other sites. Our goal is to get out of AK and warm up a few times p...
Hi,I need some clarification on how does second home loan and investment/vacation rental loan work, because I have seen that mortgage rate for second home and vacation/investment property are different.1) What should ...
A lot of people ask me if it’s beneficial to do a cost segregation study on a single family home, the answer is yes! Determining exactly how beneficial is based on a multitude of factors, but a cost segregation stud...
I’ve been hosting for three years and recently encountered an issue I hadn’t faced before: an alteration request to check out earlier during a stay. In hindsight, I could have communicated better, so I’m sharing my ex...
Advise on how tenant can pay me with a visa card. she has no bank account. In the past she handed me the card to draw money from ATM. A lawyer advice against it citing potential for many complications. How else can I ...
Was hoping to collect some wisdom from the BP community if I can explain myself clearly. Wondering if there is really any benefit to owning individual mortgage notes vs. investing in a mortgage note fund. From my simp...
Hi BP Community!
I've recently been diving in to learn about the different RE niches in pursuit of my first deal. Very much still in the education phase, but 2 strategies have caught my attention and I'm wondering wh...