hello bp,What's the best way to accurately estimate what your new loan payment will be after a cash out refi? Also are closing costs for a new purchase the same as closing cost for a refinance ?Thanks for any input!
My primary residence is owned in a family business LLC. I would like to transfer the property into my own name so that I can utilize the equity to acquire rental properties. I would prefer not to refinance as it would...
Currently talking to a seller of a 4 family in NJ. She's motivated. The house ARV is 480k. Rent roll is $5600/month. The property is in very good condition and had updated kitchens and baths 4 years ago. It needs...
I have a family member willing to give me some inheritance money early to continue investing.I know the rules involving no gift money for investment property down payments. We have enough money for the down payment it...
I am looking at a property to buy and hold as a rental. It is a 3 bed, 2, bath, 2 car garage, 1,800 sq. ft. built in 1980. It will need carpet, paint and a few minor repairs. The rental comps are $1100. I will ...
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Do you pay 2 different mortgages with either one?
I rent my old house (was unable to sell house when moving to new house) and have a outstanding mortgage of 95K at 4.75 interest rate. I was looking in re-fi. Can do a 15 year mortgage at 3.25% and pay close to what ...
If Cash on Cash Return is...CoCR = (Rent - Operating Expenses - Loan Payments) / (Down Payment + Closing Costs + Renovations)And I'm using a 1031 Exchange to upgrade from one property to the next, does that mean my Do...
Would doing an interest only mortgage be the cheapest for lowest monthly payments, i want to get the most cash flow as possible, is the interest rate on that higher or maybe doing like a 5 percent 5/1 arm be better o...