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Hi! I'm brand new to the community. I'm looking to buy an investment property. The rate has been quoted at 4.75%, with 2.55 discount points, and I'm paying 20% down. But the 2.55 discount points? Ouch. I asked if I co...
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Hi good people. I am trying to take a HELOC on my primary home for a down payment for my very first rental property. After contacting about 4 lenders, I am finally trying to choose between these two offers:
Option #1...
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We're in the process of selling a condo that my husband inherited in Hungary. The sale will be in Hungarian forint. What is the best way to transfer that money back to the U.S.? Should we use a bank or an online servi...
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Originally purchased as Primary residence for 160k; lived in it for 7 years w/o making any improvements.2011 - property converted to rental property. FMV at the time is 210k.2017 - sale of rental for 220k. Cost of sal...
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For the longest time people have predicting inflation, now we are at 6.8% in November after I thing 6.2% in October. The FED said this is going to be short term, but I have a feeling it's going to stay with us and lea...
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Can anyone familiar with FHA 2/1 Buy Down Program shed a little light. From my understanding its a loan that allows you to buy down your interest rate for the first two years of your mortgage. The third year your mo...
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Hi BP!I am an investor from Israel and recently had an offer to join a syndication for a buying of a multifamily unit in NJ. The offer sounds tempting since the group has to finance about 3M$ (the rest comes from a b...
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Hello,
My name is Brendan and I was reading some of your posts regarding LLCs and refinancing. I have a couple questions for you.
What I am doing is raising capital through private investors to pay for a 4 unit or ...
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In the NNN world what does typical financing look like? i.e. What are typical term lengths? What are typical interest rates? What is a required minimal lease term remaining on NNN tenant? What is minimal amount of...