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Curious if anyone has tried getting a refinance lately. Interested if anyone is getting any good quotes below 3.5% and who through.
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Hi BP family - I just got loan estimates for a cash out refinance I am trying to do on one of my rentals. 3.625% for 30 years, but with 3.6% paid in points/fees (plus a $650 appraisal fee).Loan amount = $187,500Proper...
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I'm working on a cash out refi of a 4-unit property of mine. I'm seeing an origination charge that is 2.5% of the total loan value, which together with the loan points comes to 3% of total loan value. My broker is tel...
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I was wondering, for those who are or have used private lending, what interest rates are?I have friends and family who are interested in helping fund some investments, but I'm unsure of what interest rates everyone gi...
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Purchased 2 small multifamily buildings in a very small rural town in Southern MN recently. The city is billing us $90 in base fees for every apartment (then in additional also a water usage rate), so 20 unit building...
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Refinancing Your Mortgage: When It Makes SenseImportant considerations for when refinancing is a good financial move.Refinancing your mortgage can offer a way to take advantage of low interest rates -- or, if your mor...
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Do these numbers make sense? They want to include all utilities in the rent and also charge me an annual lease renewal fee per apartment. I honestly feel the fees are way to high, and don't understand my advantage to ...
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So this deal is as such:
545k, plus 19k to the wholesaler.
14 units of efficiencies, 2 units of two beds.
2015 gross was 101k, plus 4K from laundry coin machines.
NOI was 61k, landlord pays all utilities for the effic...
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What bank(s) do you recommend that are friendly to the BRRRR strategy in term of refinancing? I'm in NW New York, in the Monroe County
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Folks,I am a private lender, mainly for residential flips, and it kills me to turn away the vast majority of my applicants because they don't have the upfront cash to qualify for my loans. I require them to have subst...